While speaking in Dallas on Thursday, Powell said economic growth will allow the Fed to tread carefully before making any rate cuts.

Federal Reserve Chair Jerome Powell will headline a busy week of central-bank officials’ public remarks on Thursday. Investors and economists will be listening closely for clues about the Fed’s interest rate decision for December and the outlook for policy in 2025.

A strong economy is giving Federal Reserve officials room to move “carefully” as they lower interest rates, the central bank chair said.