[Powell Says Federal Reserve Interest Rates Are Now in Neutral Range] On October 30, Federal Reserve Chairman Powell stated that the Federal Reserve's interest rates are now within the range of many neutral rate estimates. Some committee members believe action should be paused, while others support continuing rate cuts. Powell pointed out that the labor market is generally a better indicator than spending, but appears more pessimistic under current circumstances. An increasing number of members believe the Federal Reserve may need to wait for a cycle before taking further action.