In the current year, the US Central Bank Federal Reserve has cut its interest rate twice. Since then, the market is keeping an eye on the Fed for further cuts. However, in the meantime, Fed Chairperson Jerome Powell has made it clear that he will not take any hasty decision on this.

Powell said that the US economy is currently in a good condition. This has given central bankers the scope to reduce interest rates. He further said, "The economy is not giving any signal at the moment that we should rush to reduce interest rates. The strength we are seeing in the economy at present gives us the ability to take our decisions carefully."

US central bankers started reducing borrowing costs with a half percent cut in September. After this, the Fed cut the policy rate by a quarter percent last week. He has indicated further rate cuts as long as inflation continues to decline. Powell's comments are similar to those of some of his other colleagues, who are supporting a slow move for rate cuts in the future. According to Lindsay Piazza, Chief Economist of Stifel Financial Corp, interest rates are not expected to be cut until January. He has estimated only three cuts at most next year. Inflation status According to Bloomberg, inflation has not increased much in October. The nation's core consumer price index, which excludes food and energy costs, rose 0.3% for a third month. "Inflation is getting very close to our long-term target of 2%, but it's not there yet," Powell said. He said, "With labor market conditions balanced and inflation expectations, I expect inflation to continue to come down towards our 2% target." Trump effect Donald Trump, who has won the presidential election, is soon going to take over the power of America. If Trump fulfills his election promises of cutting taxes, curbing immigration and imposing tariffs, then monetary policy may face difficulties next year. Powell said that as far as possible new tariffs are concerned, the reaction of US trading partners will complicate the impact on America and the negative impact on growth may be the opposite of the positive impact of fiscal policy. Let us tell you that Trump has also criticized the Fed and Powell. Powell recently said that he would not leave the Fed if he was asked to resign. He also said that the law does not allow him or any other Fed governor to be demoted in a leadership position.