Former Fed Governor: If the labor market does not deteriorate, the Fed may not cut interest rates in September

ChainCatcher news, according to Jinshi Data, former Federal Reserve Governor Larry Meyer wrote after this week's Federal Reserve meeting that the implication of Powell's speech is that if things continue to develop as they are now (including the important point that the labor market has not deteriorated), the FOMC is very likely to remain on hold in September.

Meanwhile, Powell did not sound opposed to a rate cut; as long as future data and the evolution of the outlook provide sufficient reason to cut rates, the FOMC will take action to lower rates.