Tag: jerome
Fed Chair Jerome Powell signals possible rate cut, sending stocks sharply higher
Scott Horsley Federal Reserve Chairman Jerome Powell signaled a possible cut in interest rates in the near future, sending stocks soaring on Friday. Speaking to a gathering of economists and central bankers in Jackson Hole, Wyo., Powell said current economic conditions, including a marked slowdown in job growth, suggest a downward adjustment in the Fed’s…
Federal Reserve’s Jerome Powell says there’s no need to rush on interest rate cuts
Scott Horsley Don’t expect interest rates to fall any time soon. Federal Reserve Chair Jerome Powell told a Senate Committee Tuesday that with a strong job market and with inflation still elevated, he and his colleagues “do not need to be in a hurry” to cut interest rates. Powell also fielded questions about President Trump’s…