The central bank might have begun cutting interest rates in late July had it known that the labor market was cooling as fast as it has been, Federal Reserve Chair JeromePowell said Wednesday.
Although it might not be its fight at all. During a post-meeting press conference, Fed Chair JeromePowell was asked if interest rate cuts would reignite demand in the housing market and send ...
Federal Reserve Chairman JeromePowell blamed the migrant crisis for the nation’s growing unemployment after cutting the benchmark interest rate by 0.5 percentage point on Wednesday for the ...
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