Everyone Agrees Inflation Is Too High, Chair Powell Says
Federal Reserve Chair Jerome Powell says officials are “well positioned” to wait and see how the economy evolves from here. He spoke at a news conference in Washington, DC after...
By Bloomberg Markets · Bloomberg Markets
Federal Reserve Chair Jerome Powell says officials are “well positioned” to wait and see how the economy evolves from here. He spoke at a news conference in Washington, DC after the central bank's policy-setting Federal Open Market Committee delivered a third consecutive interest-rate reduction, lowering the benchmark federal funds rate to a range of 3.5%-3.75%. (Source: Bloomberg)