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.
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