Differing Opinions on Federal Reserve Rate Cuts Ahead of US Presidential Election on Nostr: Federal Reserve Chair Powell Stresses Importance of Job Market Amid Cooling Economic ...
Federal Reserve Chair Powell Stresses Importance of Job Market Amid Cooling Economic Growth
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#504cefd6 ver:1.64
Federal Reserve Chair Jerome Powell emphasizes the importance of the job market amid cooling economic growth. Powell states that the Fed has an employment mandate and cutting rates too late or too little could weaken economic activity and employment. The Fed is likely to cut rates in September, but Powell stresses that decisions are based on economic needs, not political timelines. The Fed's goal is to achieve stable prices and sustained low unemployment. Positive economic data could lead to a rate cut. #FederalReserve #JobMarket #EconomicGrowth #InterestRates...
#newstr #FederalReserve #InterestRates #JobMarket #Inflation #Economy #CongressionalTestimony #MarketReactions
https://here.news/story/504cefd6?ver=1.64
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#504cefd6 ver:1.64
Federal Reserve Chair Jerome Powell emphasizes the importance of the job market amid cooling economic growth. Powell states that the Fed has an employment mandate and cutting rates too late or too little could weaken economic activity and employment. The Fed is likely to cut rates in September, but Powell stresses that decisions are based on economic needs, not political timelines. The Fed's goal is to achieve stable prices and sustained low unemployment. Positive economic data could lead to a rate cut. #FederalReserve #JobMarket #EconomicGrowth #InterestRates...
#newstr #FederalReserve #InterestRates #JobMarket #Inflation #Economy #CongressionalTestimony #MarketReactions
https://here.news/story/504cefd6?ver=1.64