"Powell's Caution: Fewer Rate Cuts Expected as Markets Await Fed's Move"

Federal Reserve Chair Jerome Powell stated in an interview that the central bank will proceed cautiously with interest rate cuts this year, likely at a slower pace than market expectations, citing confidence in the economy and the need for more evidence of sustainable inflation decline. Powell expressed optimism about the economy, noting strong job creation and moderated inflation, and downplayed concerns about the impact of previous rate hikes. He also emphasized that the Fed's decisions are not influenced by political pressure.