US EditionThe Fed Leaves the Door Open to Lower Rates
13 Articles
13 Articles
"The United States is approaching the time when the Fed will have to lower its interest rates to support employment," said the President of the Central Bank.
The United States is approaching the moment when the Fed will have to lower interest rates to support employment, central bank Chairman Jerome Powell said Friday in a highly anticipated speech.
According to US Federal Reserve Chief Jerome Powell, the US is approaching the time when the Federal Reserve Fed has to lower its interest rates. This to support employment, Powell says in a highly anticipated speech on Friday.
WASHINGTON, D.C.—This Friday, Federal Reserve Chairman Jerome Powell stated that “the balance of risks” to the U.S. economy “is shifting,” which, coupled with his concerns about the labor market, could lead the organization to implement an interest rate cut soon. “The outlook and the changing balance of risks (to the economy) may warrant an adjustment to our stance and our (monetary) policy,” Powell said during his speech at the central bankers’…
Jerome Powell, who has been very attacked by Trump, said today that the United States "has approached the moment" in which it will need to lower the interest rates to support employment.
US President Donald Trump has long been aggressively pushing for lower interest rates.
Coverage Details
Bias Distribution
- 100% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
