23 Aug 2024 | 12:31
'The time has come', Fed's Powell says
(Sharecast News) - "The time has come for policy to adjust" the head of America's central bank said, an unmistakable signal that interest rates were set to start being reduced.
In remarks prepared for a speech at the Jackson Hole Economic Symposium, Jerome Powell added: "We do not seek or welcome further cooling in labor market conditions."
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