MNI BRIEF: Fed's Powell: No Decisions Yet On Sept. Cut

Federal Reserve Chair Jerome Powell said Wednesday the FOMC has not yet made a decision on what it will do at its next policy meeting in September, adding that current policy is appropriate and there is lots of data between now and then. 

"We have made no decisions about September," Powell said in response to questions from reporters. 

"We see our current policy stance as appropriate to guard against inflation risks," Powell said. "There's also downside risk to at the labor market, in coming months we will receive a good amount of data that will help inform our assessment of the balance of risks and the appropriate setting of the federal funds rate."