Federal Reserve Messenger: Powell rejects preset path for interest rate cuts

BlockBeats News: On July 31st, Nick Timiraos, the "voice of the Federal Reserve," posted on social media that Federal Reserve Chairman Powell has taken a "tough defensive stance" on whether to cut interest rates in September. When asked what would trigger a September rate cut, Powell said, "I won't give a specific answer. We need to observe the evolution of the data, and there are multiple possibilities. We will make decisions based on comprehensive data analysis and risk balance assessment As Potomac Research often says, if we are hungry, we will naturally eat.