Federal Reserve Chair Jerome Powell didn't "promise" to cut interest rates in September and may not adjust rates if there are dramatic surprises in the data in the coming weeks, said former Boston Fed President Eric Rosengren.

Fed Chair Jerome Powell hinted at potential interest rate cuts on Friday. If the slash materializes, experts say the move could be "good news" for mortgages.

The Fed chair’s measured approach leans toward cautious easing amid a “curious” labor market, despite inflation perils.

The Trump administration has pressured Powell, whose term as Fed chair expires next year, to step down as chair of the central bank.

So many Federal Reserve officials have said they are waiting for data over the next few weeks before deciding on a September rate cut that it doesn't leave Fed Chair Jerome Powell much room to clearly signal a rate cut,