Despite What Powell Says, the Fed Is Likely Done

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Despite What Powell Says, the Fed Is Likely Done
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The Federal Reserve chief left the central bank’s options open, in part to prevent investors from asking the next question: When will the Fed cut?

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Federal Reserve chief left the central bank’s options open, in part to prevent investors from asking the next question: When will the Fed cut?Federal Reserve Chair Jerome Powell signaled that additional action on raising interest rates could be necessary during his address Friday at the Kansas City Fed’s annual symposium in Wyoming. Photo: Nathan Howard/Associated Pressisn’t taking a victory lap on the central bank’s efforts to cool the economy. He may still be done with rate hikes.

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