Powell: December Rate Cut ‘Far From’ Foregone Conclusion
“A further reduction in the policy rate at the December meeting is not a foregone conclusion, far from it,” Federal Reserve Chair Jerome Powell cautions during a news conference in...
By Bloomberg Markets · Bloomberg Markets
“A further reduction in the policy rate at the December meeting is not a foregone conclusion, far from it,” Federal Reserve Chair Jerome Powell cautions during a news conference in Washington, DC after the decision by the Federal Reserve’s policy-setting Federal Open Market Committee to cut rates a quarter point.