Federal Reserve Governor Jerome Powell said Wednesday he is undecided about whether to support a rate hike at the next policy meeting in mid-September. In an interview on CNBC, Powell said he will wait to review the “raft” of important data to be released before the meeting on September 16-17. “I haven’t made any decisions about what I would support,” Powell said. The Fed governor said he was going to pay particular attention to the labor market data. Powell said he thinks the economy has more slack than the current 5.3% unemployment rate suggests. “I think it is appropriate to wait and see the data,” Powell said. So far this week, two Fed regional bank presidents have come out in favor of a September rate hike.
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