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.
JeromePowell is set to take plenty of partisan fire this week if he, as expected, sends a signal that the fight against inflation is nearing an end with an interest rate cut — the first one in ...
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 ...