Federal Reserve Chair Jerome Powell

US stocks end higher as Powell fuels hopes for rate cuts this year

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[ Wall Street experienced a positive shift on Wednesday as economic indicators and statements from Federal Reserve Chair Jerome Powell fueled anticipations that the Fed might lower its benchmark interest rate within the year.Powell emphasized on Wednesday his expectation for the Fed to slash rates, stating the US economy was far from facing a recession. … Read more

Jerome Powell: Fed Cautious about Early Rate Cuts | International Business News

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[ Federal Reserve Chair Jerome Powell said Americans may have to wait beyond March for the central bank to cut interest rates as officials look for more economic data to confirm that inflation is headed down to 2%.In an interview conducted Thursday with CBS’s 60 Minutes that aired Sunday evening, Powell sought to explain the … Read more