Powell Signals Potential Rate Cuts Amid US Economic Slowdown
TL;DR Summary
Federal Reserve Chair Jay Powell indicated support for further interest rate cuts as the US job market shows signs of cooling, suggesting a potential shift in monetary policy to support economic growth.
- Jay Powell signals support for more rate cuts as US job market cools Financial Times
- Watch Fed Chair Powell speak live on policy at the NABE conference in Philadelphia CNBC
- Global Markets Move Lower as Investors Wait for Powell’s Speech The Wall Street Journal
- Slowdown in US hiring suggests economy still needs rate cuts, Fed’s Powell says AP News
- With inflation and jobs in ‘tension,’ Powell warns of the Fed’s tightrope on interest rates CNN
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