Most global financial regulators see their interest rate policies as a major concern. Fed’s chief Jerome Powell often comments on this issue in his remarks on the US monetary policy. On November 1, the Fed Сhairman stated that the US regulator was not considering key rate cuts. On the contrary, the Fed kept the door open for a possible rate hike. At the latest Federal Open Market Committee (FOMC) meeting, the target range for the key rate remained at 5.25%–5.50% on a yearly basis. This decision aligned with forecasts. The US stock indexes soared against the FOMC meeting outcomes and the Fed Chairman's comments. On November 1, the S&P 500 index gained 1.05%, and the Nasdaq Composite index increased by 1.6%. The US dollar index (USDX) reached 107.11 before settling back at 106.65 points, while the euro/dollar pair climbed to 1.0575 after a drop to 1.0517. The Fed has been raising the interest rate since March 2022, making 11 rate hikes between March 16, 2022 and July 27, 2023. According to Jerome Powell, maintaining the rate at the current level is a decision made only for the November meeting. The Fed’s head admits the possibility of revising the monetary strategy depending on incoming macroeconomic data. He emphasized that two more labor market and inflation reports would be assessed before the December meeting. Powell added that the previous rate hikes had not yet fully taken effect. The Fed Chairman said that the US economy “expanded at a strong pace” and that job gains “remain strong.” He noted improvements in the balance of demand and supply in the labor market and signs of a slowdown in nominal wage growth. Moreover, Powell reaffirmed the Fed's intention to act cautiously. Previously, he pinpointed that the regulator aimed to curb inflation to a 2% target, adding that several months of positive inflation data would not solve everything but would be the first step toward what should be done. Powell believes that "reducing inflation is likely to require a period of below-potential growth and some softening of labor-market conditions." The Fed head also said that FOMC members were closely monitoring the rise in long-term US Treasury bond yields, as they reflected financial markets and borrowing sizes. He noted that higher yields significantly influenced the Fed's monetary policy. However, the regulator does not expect a recession in the near future.