Tag: Federal Reserve policy update
Fed Chair Powell Urges Patience in Interest Rate Reductions
Federal Reserve Chair Jerome Powell spoke on Thursday about the strong U.S. economic growth, which allows policymakers to be patient in deciding on interest rate reductions. Powell mentioned that there is no rush to...
Likely Rate Cut Expected in September Based on Fed Meeting Minutes
Federal Reserve officials at their July meeting moved closer to a long-awaited interest rate reduction, but stopped short while indicating that a September cut had grown increasingly probable, minutes released Wednesday showed."The vast majority"...