WASHINGTON, D.C. — Federal Reserve Chair Jerome Powell said Tuesday that the US central bank was in no hurry to adjust its interest rate-cut policy, as the country's economy maintains resilient growth and a relatively strong labor market.
With economic indices in a steady position, and only a slight uptick in inflation, the Fed recently voted to pause rate cuts, holding its key short-term lending rate at between 4.25 and 4.50 percent -- still above its long-term target of two percent.
