Federal Reserve Chair Jerome Powell said Thursday that strong U.S. economic growth will allow policymakers to take their time in deciding how far and how fast to lower interest rates. "The economy is not sending any signals that we need to be in a hurry to lower rates,

Federal Reserve chairman Jerome Powell said the strong US economy has given central bankers room to lower interest rates at a careful pace.

Indexes slipped as traders zeroed in on remarks from Fed Chair Jerome Powell, who said the central bank is in no hurry to cut rates amid a strong economy.

Powell's in no hurry to rush rate cuts. In a mid-afternoon panel discussion in Dallas, Fed Chair Powell said the central bank is in no hurry to rush rate cuts. The Federal Open Ma