US Federal Reserve chairman Jerome Powell has signalled a cautious approach to future interest rate cuts, in sharp contrast with other Fed officials who have called for a more urgent approach. In remarks in Providence, Rhode Island, Mr Powell noted that there are risks to both of the Fed’s goals of seeking maximum employment and stable prices. But with the unemployment rate rising, he noted, the Fed agreed to cut its key rate last week. If the Fed was to cut rates “too aggressively,” Mr Powell said, “we could leave the inflation job unfinished and need to reverse course later” and raise rates. Mr Powell’s remarks echoed the caution he expressed during a news conference last week, after the Fed announced its first rate cut this year.