Differing Opinions on Federal Reserve Rate Cuts Ahead of US Presidential Election on Nostr: Federal Reserve Chair Powell Stresses Message That US Job Market is Cooling ...

Federal Reserve Chair Powell Stresses Message That US Job Market is Cooling
===============
#504cefd6 ver:1.71

Federal Reserve Chair Powell stresses the cooling US job market, highlighting the Fed's employment mandate alongside inflation. With weakened growth and the lowest hiring pace since January, Powell suggests interest rate cuts to prevent economic damage. Expectations are for the first rate cut in September. Additionally, the Fed plans to revise a 2023 proposal on capital requirements for banks. #FederalReserve #JobMarket #InterestRates #Economy...

#newstr #FederalReserve #JeromePowell #UsJobMarket #Inflation #InterestRates

https://here.news/story/504cefd6?ver=1.71