United States Federal Reserve Chair Jerome Powell on Wednesday emphasized that the central bank remains “strongly committed” to maintaining its independence. Speaking at a press briefing following the Fed’s decision to lower rates by 25 basis points, Powell underlined that policy decisions will continue to be guided by the Federal Open Market Committee’s (FOMC) dual mandate of price stability and maximum employment.
Answering questions from journalists, Powell noted that the FOMC welcomed a new member today, further adding that the committee “remains united in pursuing our dual mandate.” However, he declined to provide additional remarks on the topic, steering clear of broader political commentary.
The statement comes amid heightened scrutiny of the Fed’s moves and discussions about its pace of easing, as investors and policymakers debate how far and how fast rates should fall through 2025.
