**[Anchor]**
Jerome Powell, the Chair of the U.S. Federal Reserve, stated that the U.S. economy is in good shape, suggesting there is no need to rush additional interest rate cuts.
He also made comments related to the next year’s Trump administration.
Reporter Park Kyoo-joon, what did he say specifically regarding the interest rate path?
**[Reporter]**
He indicated that, given the strength of the U.S. economy, there is no rush for further interest rate cuts. Powell, speaking at an event hosted by The New York Times, noted, “Growth is definitely stronger than expected, and inflation is increasing slightly,” adding that “we have the leeway to be a bit more cautious as we seek neutrality.”
He reaffirmed the existing stance that due to the solid growth of the U.S. economy, there is room for a cautious approach in lowering the benchmark interest rate to a neutral level.
Despite his comments on adjusting the pace of rate cuts, the market anticipates that the Federal Reserve will cut rates an additional 0.25 percentage points on the 18th.
**[Anchor]**
There were also mentions about the independence of the Federal Reserve, right?
**[Reporter]**
Chair Powell stated that the relationship with the Federal Reserve will remain unaffected by any concerns over independence infringement with the second Trump administration.
Powell emphasized, “I am not concerned about losing the legally defined independence,” adding, “The Federal Reserve has very broad support for pursuing monetary policy in the interest of the United States.”
Regarding the tariff policies of the upcoming second Trump administration, he said, “We cannot immediately start a policy response to tariffs,” and “we need to monitor how (the tariff policy) progresses.”
This is Park Kyoo-joon from SBS Biz.
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