Don’t count on interest rate cuts any time soon, the Fed says

• The Fed continued its pause on interest rate hikes in November.
• Fed Chair Powell said interest rate cuts are not part of the discussion right now.
• The primary issue, he said, is whether the central bank has done enough tightening to reach its inflation target. 

The Federal Reserve doesn’t want Americans thinking an interest rate cut is coming anytime soon.

On Wednesday, the nation’s central bank announced it would be continuing its pause on interest rates hikes in November, following the pause in September. Federal Reserve Chair Jerome Powell said this decision was made following the positive inflation and employment data over the past month, but when it comes to interest rate cuts, he said the issue isn’t even up for discussion right now.