Federal Reserve Chair Jerome Powell said the three rate cuts this year have put the central bank's benchmark interest rate closer to a "neutral" level, meaning it is neither boosting nor holding back the economy.

By Michael S. Derby Dec 10 (Reuters) - Federal Reserve Chairman Jerome Powell said U.S. central bank interest rate policy is well positioned to respond to what lies ahead for the economy, declining to provide guidance whether another interest rate cut lies in the near future.

The end of Jerome Powell’s term as Fed chair will give President Trump his biggest opportunity yet to reshape the central bank.

The cut of a quarter-point will likely make it cheaper for average Americans to secure mortgages, pay credit card debt or finance cars.

The Fed has cut interest rates for the third time in a row at December's meeting. Fed members were the most divided they've been all year.

Bank stocks were rising Wednesday after Federal Reserve Chair Jerome Powell said the central bank removed a previous limit on the standing repo facility and outlined coming Treasury bill purchases. Po

Cryptocurrency bettors are almost certain that the Federal Reserve will enact a quarter-point interest rate cut at the end of its December meeting on Wednesday. Prediction Markets Give A Thumbs Up The odds of a 25 basis-point cut stood at 97% on the decentralized prediction platform Polymarket,