Trump lashes out as Powell signals the central bank won't cut rates as much as White House wants
Federal Reserve Chairman Jay Powell signaled in a highly anticipated speech Friday that the central bank was open to further interest rate cuts. But policymakers likely won't lower as much as the White House has demanded. While he said the economy remained in a"favorable place," geopolitical factors including an escalating trade dispute between the US and China have created a"complex, turbulent picture." Visit Markets Insider for more stories.
Federal Reserve Chairman Jay Powell signaled in a highly anticipated speech Friday that the central bank was open to further interest rate cuts. But policymakers likely won't lower as much as the White House has demanded. While he said the economy remained in a"favorable place," geopolitical factors including an escalating trade dispute between the US and China have created a"complex, turbulent picture." Visit Markets Insider for more stories.
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