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Fed's Powell Declares 'Time Has Come' for Rate Cuts
vendredi 23 août 2024, 16:17 , par Slashdot
Powell's comments Friday all but bring to a conclusion the Fed's historic inflation-fighting campaign, one that Powell amplified from the same stage two years ago when he signaled his readiness to accept a recession as the price of lowering inflation. The Fed held rates steady at its most-recent meeting in late July, though several officials saw a case for cutting at that meeting. Two days later, the Labor Department reported that unemployment rose to its highest rate in nearly three years. Inflation, while still above the Fed's 2% target, has been falling steadily in recent months. Read more of this story at Slashdot.
https://news.slashdot.org/story/24/08/23/1417219/feds-powell-declares-time-has-come-for-rate-cuts?ut...
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