"I think there's a strong case for 50, whether they're going to do it or not," he told the Bretton Woods Committee's annual Future of Finance Forum in Singapore, per Reuters. He added the base rate is currently floating between restrictive enough to keep pushing down inflation and loose enough to kickstart borrowing and growth. "So the question is: 'Why don't you just get started?'"
Fed officials have been signalling a swing in their stance from a tight grasp on monetary policy to a loosening of rates, in order to make money cheaper to borrow and, in turn, keep employment low.
Some called for an emergency cut after a lackluster jobs report in August - but many have since revised this to questioning whether Powell's cut will be of 25 basis points (bps) or 50 bps (0.25% or 0.5%).
Experts are divided on how quickly the FOMC needs to rebalance policy in line with its dual mandate: Getting inflation to its target 2% and maintaining maximum employment.
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