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Summary of Notable Remarks by Fed Chair Powell (11/12/2025)
- The decision to cut interest rates today received broad support. The differences among members lie in how to balance risks in the economy.
- The Fed has only one tool and cannot do two things at once.
- The Fed has not made any decisions regarding the January meeting.
- The scale of Fed bond purchases may remain high for the next few months.
- The basic outlook for the coming year is for the economy to grow steadily. The GDP growth forecast for 2026 has been revised upward.
- Currently, no one on the board is considering raising interest rates. The disagreement centers on whether to pause and observe or to cut further.