Federal Reserve Jerome Powell's speech from the Kansas City Fed's Jackson Hole Economic Policy Symposium has Wall Street abuzz. Powell strongly indicated the...
Federal Reserve Jerome Powell 's speech from the Kansas City Fed 's Jackson Hole Economic Policy Symposium has Wall Street abuzz. Powell strongly indicated the central bank is about to start a rate-cutting cycle. The question now focuses on the magnitude of those cut rates.Mester thinks"the case is pretty strong" for the Fed to start cutting rates, describing it as"reducing the degree of restrictiveness.
The pace and the size of the cuts are really gonna depend on how the economy actually evolves going forward. So when we started raising rates, um and I can say we because I was on the committee at that point right when we started raising rates, um, it was clear that inflation was way too high and the labour market was strong at that point.Now, as inflation has come down and labour markets are moderated, it's really looking at both parts of the dual mandate and sort of balancing that.
Meet the world's 10 richest women who are jointly worth about $500 billion — almost as much as ExxonMobil The $38 million verdict in a landmark lawsuit over abuse at New Hampshire’s youth detention center remains disputed nearly four months later, with both sides submitting final requests to the judge this week. “The time is nigh to have the issues fully briefed and decided,” Judge Andrew Schulman wrote in an order early this month giving parties until Wednesday to submit their motions and supporting documents.
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