WSJ
By Nick Timiraos

WASHINGTON—Federal Reserve Chairman Jerome Powell told lawmakers the central bank saw little need to cut interest rates further after making three reductions since July.

“We see the current stance of monetary policy as likely to remain appropriate as long as incoming information about the economy remains broadly consistent with our outlook of economic growth, a strong labor market" and stable inflation, Mr. Powell told Congress' Joint Economic Committee on Wednesday. Read more. Subscription required.