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Fed's Powell Says No Need to Hurry Rate Cuts
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.
Fed’s Powell: Rate cuts are still underway, but there’s no hurry
Federal Reserve Chair Jerome Powell said Thursday that interest rates are still expected to decline further, but suggested they might not be that much lower over the next few months.
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next.
14h
on MSN
Nasdaq drops 2%, S&P, Dow fall as Powell remarks drive reassessment of rate-cut pace
Major averages slid Friday as Wall Street reassessed what's next for the Federal Reserve's rate-cutting cycle, driving stocks ...
13h
on MSN
Wall St sinks on Powell rate-cut caution, Trump cabinet picks
Wall Street's main indexes closed lower on Friday after Federal Reserve Chair Jerome Powell pointed to a slower pace of ...
1d
Josh Brolin And Glen Powell Just Had A Hilarious Exchange Over The Mesh Shirt He Wore In His Latest Interview And I Can't Get Enough
Talk about a bold look. Powell has become a sex symbol over the past year, partly thanks to that oiled up scene from Top Gun: ...
1d
on MSN
Lake Powell at Existential Risk As River Basins Head for 'Tipping Point'
Largest-ever modeling analysis reveals traditional water management strategies may fall short as climate pressures mount on ...
11h
on MSN
Norman Powell quickly becoming Clippers star team needs
Norman Powell has averaged 26 points in his first year as a starter for the Clippers. His the latest on his increased role.
10h
Driver rescued by officers after fiery crash on I-71 in Columbus
A man was driving on I-71 South when he lost control of his pickup truck and crashed into a bridge pillar, causing his vehicle to catch fire.
11h
on MSN
Bodycam captures dramatic moment Columbus police pull man from burning vehicle
The Columbus Division of Police releasing dramatic body camera video of officers rescuing a man from his burning pick-up ...
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