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Differing Opinions on Federal Reserve Rate Cuts Ahead of US Presidential Election /
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2024-07-11 00:02:41

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:1.65

Federal Reserve Chair Powell emphasizes importance of job market amid cooling economic growth. Fed has employment mandate and cutting rates too late or too little could weaken economic activity and employment. First rate cut expected in September. Fed's decisions are grounded in data, not political factors. Powell believes US economy is moving towards a soft landing. Achieving stable prices and sustained low unemployment is the goal. A well-executed policy adjustment could strengthen the US dollar and impact international trade dynamics. #FederalReserve #economy #employment #inflation #interestrates...

#newstr #FederalReserve #InterestRates #JobMarket #Inflation #Economy

https://here.news/story/504cefd6?ver=1.65
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