Powell: Some Fed officials believe the case for more accommodative policy has strengthened

From cnbc.com

Federal Reserve Chairman Jerome Powell said the case has strengthened for interest rate cuts ahead. Speaking to media members after this week’s central bank meeting, Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy. “Overall, our policy discussion focused on the appropriate response to the uncertain environment,” he said. “Many participants believe that some cut to the fed funds rate would be appropriate in the scenario they see as most likely.” Among those concerns are slowing global growth, inflation that persistently falls ... (full story)