A strong economy is giving Federal Reserve officials room to move “carefully” as they lower interest rates, the central bank chair said.

Donald Trump is weighing a push from right-wing allies to nominate Kash Patel to lead the FBI, one of the clearest indications Trump plans to stick by his vow to fire Director Christopher Wray before his 10-year term ends and replace him with a loyalist.

Federal Reserve Chair Jerome Powell said Thursday that interest rates are still expected to decline further, but suggested they might not be that much lower over the next few months.