Jerome Powell highlights the importance of the Federal Reserve's independence. This comes as Donald Trump pushes for interest rate cuts. Powell says...
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- JAMAICA-GLEANER.COM - Business Stories - 10/07/2024 05:06
Fed chair highlights slowing job market in signal that rate cuts may be nearing
The US Federal Reserve (Fed) faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in testimony Tuesday to Congress, a shift in emphasis away from the Fed’s single-minded fight against inflation of the past two...
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