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Fed Chair Powell Says The Level Of Job Creation May Not Be Quite At The Point To Keep Unemployment Rate Level In Light Of Rising Supply; Fed Is Not In A Hurry To Cut Rates Quickly, Will Be Guided By Data; The Rate Cut Process Will Play Out "Over Some...

Benzinga ·  Oct 1 02:12

Fed Chair Powell Says The Level Of Job Creation May Not Be Quite At The Point To Keep Unemployment Rate Level In Light Of Rising Supply; Fed Is Not In A Hurry To Cut Rates Quickly, Will Be Guided By Data; The Rate Cut Process Will Play Out "Over Some Time" With No Need To Go Fast; On November Meeting There Are Still Two Employment Reports And An Inflation Report To Come; Fed Will Take Everything Into Account In November Rate Decision

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