Published 5 months ago

Powell Misses the Most Important Point at the Fed Meeting in Jackson Hole

Summary by صحيفة الاقتصادية

Jerome Powell said it's time to adjust interest rates, but didn't specify how much of a cut it would be for bonds now Federal Reserve Chairman Jerome Powell on Friday dispelled any doubts about whether an interest rate cut was imminent, saying in his highly-watched annual speech in Jackson Hole, Wyoming: "It's time to adjust interest rates." The reaction came in the form of a rally in stocks.

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Powell Misses the Most Important Point at the Fed Meeting in Jackson Hole

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