Federal Reserve Chair Jerome Powell stated that the US economy is performing “remarkably good” and has given central bankers room to lower interest rates at a careful pace. The recent economic performance suggests that there is no need for haste in reducing interest rates, allowing policymakers to make decisions without undue pressure.
Source: https://www.bloomberg.com/news/articles/2024-11-14/fed-s-powell-says-no-need-to-hurry-rate-cuts-with-economy-strong