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Powell faces fresh challenges to Fed independence amid potential rate cut
For months, Jerome Powell largely ignored President Donald Trump’s constant hectoring that he reduce borrowing costs. On Friday, he changed course, saying the Fed could lower interest rates as soon as its next meeting in September.
The Fed may need to cut rates at its next meeting due to growing risks to the economy, including some “unusual” behavior in ...
Federal Reserve Chair Jerome Powell carefully opened the door to an interest-rate cut in September, pointing to rising risks ...
Wall Street's main indexes ended higher on Friday, with the blue-chip Dow hitting a record closing high, as investors piled ...
The job market is on such shaky ground that the Federal Reserve may soon need to cut interest rates to support the economy, ...
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