Powell puts rate cut on table
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Almost all” officials backed July’s interest-rate decision, even though two governors backed a rate cut, according to a meeting summary.
Not even 48 hours after the conclusion of last month's meeting, data from the Labor Department appeared to validate the concerns of Bowman and Waller when it showed fewer jobs than expected were created in July.
Lower rates help many businesses, including car makers. Rate cuts make financing vehicle purchases more affordable. As for the truck, Tesla raised the price of the high-end versio
Federal Reserve Chair Jerome Powell delivers a high-profile address at the annual Jackson Hole Economic Policy Symposium.
So many Federal Reserve officials have said they are waiting for data over the next few weeks before deciding on a September rate cut that it doesn't leave Fed Chair Jerome Powell much room to clearly signal a rate cut,
As Fed Chairman Jerome Powell spoke at the annual conference in Wyoming, U.S. President Donald Trump threatened to fire Fed Governor Lisa Cook.