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Fed chair signals rate cut at Jackson Hole
Speaking at the Jackson Hole symposium, he stressed that risks to inflation are tilted to the upside and risks to employment to the downside in the near term, creating a difficult situation. The event, hosted by the Fed's Kansas City branch and held annually since 1978, is taking place this year from August 21 to 23.
Highlights From Powell’s Jackson Hole Speech
Here are some of the key quotes from Federal Reserve Chair Jerome Powell's speech this morning in Jackson Hole, Wyo. On Interest Rates "With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.
If inflation starts climbing again after a rate cut, “the Fed will have to reverse course—and in the worst case, start hiking ...
Powell delivered the guidance in a highly anticipated speech on Friday at the central bank's annual symposium in Jackson Hole ...
The Federal Reserve notes the balance of risks to the U.S. economy may warrant a shift in policy stance – in other words, a ...
Powell’s speech comes amid unprecedented pressure from the White House aimed at getting the central bank to lower borrowing ...
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe ...
Brent Donnelly of Spectra Markets ran a sizeable survey of expectations for Fed Chair Jerome Powell's speech, and of the 473 ...
1don MSN
World shares are mixed as traders await cues on U.S. monetary policy from Jackson Hole meeting
World shares are mixed after Wall Street fell to a fifth straight loss, and as traders look for cues about U.S. monetary ...
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