Federal Reserve: Powell Successfully Pushes Through Three Rate Cuts
According to Jinshi, Federal Reserve Governor Loretta Mester acknowledged that Chair Jerome Powell effectively built consensus within the FOMC to secure three interest rate cuts. The remark highlights Powell’s influence in navigating internal differences at the Fed and steering policy toward easing amid shifting economic conditions.
This development signals that monetary policy is no longer purely defensive. With inflation gradually cooling and growth risks becoming more visible, Powell’s ability to align policymakers suggests the Fed is prioritizing flexibility over rigidity. For markets, this reinforces expectations that the rate-cut cycle is not accidental or temporary, but a deliberate recalibration of policy direction.
The key takeaway is not just the number of cuts, but the leadership dynamic behind them. Powell’s success indicates that future policy decisions are likely to remain coordinated rather than fragmented, reducing the risk of sudden shocks driven by internal disagreement.