Federal Reserve Chair Jerome Powell on Tuesday signaled a cautious approach to future interest rate cuts, in sharp contrast with other Fed officials this week who have called for a more urgent approach.

Federal Reserve Chair Jerome Powell just wrapped up his first public remarks since the Fed's interest-rate cut last week. His speech followed comments earlier this week from several Fed governors and regional Fed presidents about the next steps for rates.

U.S. stocks finished lower on Tuesday, breaking a three-session string of record closing highs, as Federal Reserve Chair Jerome Powell said the U.S. central bank needs to balance inflation concerns with a weakening job market in its coming interest rate decisions.