With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Friday.
Wall Street stocks powered higher Friday after Federal Reserve Chair Jerome Powell signaled support for cutting interest rates and that inflation is under control.
Remarks by Jerome H. Powell, Chair, Board of Governors of the Federal Reserve System at “Reassessing the Effectiveness and Transmission of Monetary Policy,” an economic symposium sponsored by the ...
“[The] key is the Fed getting off data dependence because data dependence is the reason they missed the inflation turn,” he said. Lee’s comments come in stark contrast to the Fed’s data-dependent ...
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