U.S. Federal Reserve Chairman Jerome Powell has reinforced the possibility of cutting interest rates,... but stressed the Fed will not respond immediately to temporary changes.<br />Speaking in New York on Tuesday,... he explained that appropriate measures will be taken to maintain the expansion,... while the Fed closely monitors current economic developments.<br />His remarks mirror those he made in early June,... when he hinted at a possible rate cut going forward.<br />Powell also stressed the Fed's independence and said he will not bend to short-term political interests.<br />
