Posted by @faranakpanahi2019
23 Aug, 2024
FED CHAIR POWELL HINTS AT RATE CUTS ON THE HORIZON
Federal Reserve Chair Jerome Powell has indicated that interest rate cuts may be on the way.
He stressed the importance of maintaining a robust job market while monitoring economic data closely.
Powell also noted that inflation is nearing the 2% target, applauding efforts to stabilize prices without causing a spike in unemployment.