Powell Signaled More Fed Rate Cuts Are Likely, Berkeley's Eichengreen Says

The video discusses whether Powell is ready for another rate cut, highlighting various external and internal threats to the US economy, such as trade policy uncertainty, the collapse of the Italian government, and Brexit. It suggests that more rate cuts are likely, despite some dissent. The Fed's approach remains data-dependent, focusing on future economic conditions and incoming data, which has been relatively soft except for consumer spending.

What factors did Powell mention that could affect the US economy?

What impression did Powell's speech give regarding future rate cuts?

How did Powell describe the current state of the economy in relation to the last rate cut?

What did Powell imply about the Fed's approach to future rate cuts?

What was the nature of the incoming data mentioned by Powell?