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The Fed cut short-term rates last month for the third time this year

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The move reduces the short-term rate to a range between 1.5% and 1.75%

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Positive economic data should mean the Bank of Canada holds

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Measure isn't intended to lower longer-term rates, Fed says

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Firms in highest-risk categories must still adhere to stricter rules

Federal Reserve building in Washington DC, US. Close up of a top part of the building with eagle statue.

Healthy debate is a strength of the Fed system, the Fed's vice chairman says

Federal Reserve building in Washington DC, US. Close up of a top part of the building with eagle statue.

Powell was speaking at the University of Zurich on Friday

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The proposal accounts for the different risks faced by insurers relative to banks

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Fed chairman says trade wars have complicated the central bank's ability to set interest rates

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The minutes did not indicate any consensus on the pace of future cuts