Powell Hints at Peak Interest Rates and Future Cuts Federal Reserve Chairman Jerome Powell recently indicated that the benchmark interest rate has likely reached its peak. Speaking before the Senate Banking Committee, Powell suggested that there is now "ample room to lower interest rates" moving forward. This statement suggests a potential shift in monetary policy, as the Fed has been aggressively raising rates to combat inflation. The possibility of future rate cuts could stimulate economic growth. Market participants will be closely watching upcoming economic data and Fed communications for further clues about the timing and magnitude of potential rate adjustments. ```