Differing Opinions on Federal Reserve Rate Cuts Ahead of US Presidential Election on Nostr: Federal Reserve Chair Powell Maintains Focus on Soft Landing and Inflation Concerns ...
Federal Reserve Chair Powell Maintains Focus on Soft Landing and Inflation Concerns
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#504cefd6 ver:1.59
Federal Reserve Chair Jerome Powell maintains focus on soft landing and inflation concerns, stating that interest rates will not be cut until inflation is heading back to the target of 2%. Powell believes the US economy is moving towards a soft landing, but acknowledges the need to reduce the size of the Fed's balance sheet. The recent employment report shows a slowdown in job growth, with revisions to previous months' data indicating weaker growth. Powell suggests that positive economic data could strengthen the case for rate cuts. Wall Street reacts positively to Powell's dovish stance. #FederalReserve #Inflation #InterestRates #JobGrowth...
#newstr #FederalReserve #JeromePowell #Inflation #InterestRates #JobMarket #Economy
https://here.news/story/504cefd6?ver=1.59
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#504cefd6 ver:1.59
Federal Reserve Chair Jerome Powell maintains focus on soft landing and inflation concerns, stating that interest rates will not be cut until inflation is heading back to the target of 2%. Powell believes the US economy is moving towards a soft landing, but acknowledges the need to reduce the size of the Fed's balance sheet. The recent employment report shows a slowdown in job growth, with revisions to previous months' data indicating weaker growth. Powell suggests that positive economic data could strengthen the case for rate cuts. Wall Street reacts positively to Powell's dovish stance. #FederalReserve #Inflation #InterestRates #JobGrowth...
#newstr #FederalReserve #JeromePowell #Inflation #InterestRates #JobMarket #Economy
https://here.news/story/504cefd6?ver=1.59