Federal Reserve Chairman Jerome Powell acknowledges the complex challenge of balancing inflation and job market concerns. Powell emphasizes there is no risk-free path for the Fed’s next policy move. New governor Stephen Miran argues for benchmark interest rates to be two percentage points lower to prevent layoffs and unemployment spikes. The Fed faces pressures as policymakers debate future monetary policy amidst conflicting economic signals. Powell maintains a cautious approach, citing the need to respond to evolving economic conditions.

Read more at Yahoo Finance: Fed’s Powell sees ‘no risk-free path’ for interest rates after central bank’s cut last week