MNI BRIEF: Fed's Powell-Rates In Range Of Neutral Estimates

The Federal Reserve's latest interest rate cut brings official borrowing costs into a range where they might be considered neutral, Fed Chair Jerome Powell said Wednesday. 

"The adjustments to our policy stance since September bring it within a range of plausible estimates of neutral, and leave us well-positioned to determine the extent and timing of additional adjustments to our policy rate," Powell said at the start of his post-meeting press conference. (See MNI INTERVIEW: High Bar For More Cuts As Neutral Nears-Kaplan)