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Fed's Powell declines to point to a particular month for rate cut start

BY Reuters | ECONOMIC | 06/24/25 11:18 AM EDT

June 24 (Reuters) - Federal Reserve Chair Jerome Powell on Tuesday said if it turns out that inflation pressures are contained, the central bank will get to a place when it can cut interest rates, but "we don't need to be in any rush."

Powell, answering a question during testimony before the House Financial Services Committee about two Fed governors who have recently said a rate cut in July could be warranted, said he would not point to any specific month for a rate reduction.

(Reporting By Dan Burns, Editing by Franklin Paul)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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