Powell says no need for Fed to rush rate cuts given strong economy
Ongoing economic growth, a solid job market, and inflation that remains above the 2% target means the U.S. central bank does not need to rush to lower interest rates and can deliberate carefully, Federal Reserve Chair Jerome Powell said on Thursday.
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Elon Musk has come out in support of one of two men in the running for the key post of Treasury in the new Trump White House.
Powell emphasized the need for cautious market guidance due ... An increase in this indicates short-term consumer price rise, potentially hindering aggressive interest rate cuts despite the ...
(Reuters) -Wall Street's main indexes closed lower on Thursday after Federal Reserve Chair Jerome Powell dampened investors' ...
Power said more rate cuts are likely underway because the economy’s current trends and dynamics are expected to remain in ...
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