Fed Chair Jerome Powell
Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on November 1, 2023 at the Federal Reserve in Washington, DC.
  • 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.