Federal Reserve Chairman Jerome Powell indicated on Friday that the central bank is ready to start cutting its key interest rate, possibly as early as next month, in an effort to prevent further erosion in the labor market while continuing to monitor inflation closely.
Read More: Breitbart
Federal Reserve Chairman Jerome Powell warned on Friday that additional rate increases might be required to put inflation on a convincing path to the central bank’s two percent target.
Read More: Breitbart
Federal Reserve Chair Jerome Powell, fresh off winning Senate confirmation for a second term earlier in the day, acknowledged for the first time on Thursday that high inflation and economic weakness overseas could thwart his efforts to avoid causing a recession.
Read More: Newsmax