World Newspapers: Powell Tees Up Rate Cuts

After a near-textbook campaign to rein in inflation by raising interest rates, the head of the Federal Reserve, Jerome H. Powell, all but promised Friday to start lowering rates next month — with fingers crossed that it’s not too late to avoid a recession.206 ...

2024-08-25 13:55:19     0    50933
World Newspapers: Powell Tees Up Rate Cuts

After a near-textbook campaign to rein in inflation by raising interest rates, the head of the Federal Reserve, Jerome H. Powell, all but promised Friday to start lowering rates next month — with fingers crossed that it’s not too late to avoid a recession.206 ...

News ID: 84825730