Neoliberal@lemmy.worldEnglish · 2 months ago

Fed Chair Powell says 'time has come' for interest rate cut

www.nbcnews.com

Fed Chair Powell says 'time has come' for interest rate cut

www.nbcnews.com

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Neoliberal@lemmy.worldEnglish · 2 months ago

The central bank is primed to lower its key rate in September as inflation cools and the job market slows.

Federal Reserve Chair Jay Powell said Friday he expects the central bank will cut its key interest rate in the near future in response to slower economic growth and cooling inflation.

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