Chair Jerome Powell announced that the Federal Reserve is ready to cut its key policy rate, confirming expectations that officials will start lowering borrowing costs next month. He emphasized his intention to avoid further cooling in the labor market. He said, “The direction is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks.”
Jerome Powell says ‘time has come’ for Fed to cut interest rates

Categories:
Related Post

Sen. Tommy Tuberville takes aim at ‘coach’ Tim Walz over sports terminologySen. Tommy Tuberville takes aim at ‘coach’ Tim Walz over sports terminology
Sen. Tommy Tuberville, R-Ala., took a jab at Vice President Kamala Harris’ running mate Tim Walz on social media Friday, calling out the Minnesota governor for his unusual sports terminology.

Vitamin A as measles treatment? RFK Jr.’s comments spark discussion of benefits and risksVitamin A as measles treatment? RFK Jr.’s comments spark discussion of benefits and risks
As measles cases continue to emerge in several U.S. states, treatment and prevention is top of mind. As most infected individuals have been unvaccinated, school-aged children, U.S. health agencies have
Biden to award Medal of Honor to 7 veterans of Vietnam and Korea warsBiden to award Medal of Honor to 7 veterans of Vietnam and Korea wars
One recipient, Kenneth W. David, is expected to attend the White House ceremony, while the others honored posthumously with the award will be represented by family members.