Friday, August 23, 2024

Breaking: Federal Reserve Chair Powell signals Fed likely to lower historically high interest rates in September but doesn't hint at size of cut

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Fri Aug 23 2024

Fed Chair Powell says 'time has come' to cut interest rates

Federal Reserve Chair Jerome Powell gives his semiannual testimony on monetary policy on July 9, 2024, at the Senate Banking Committee in Washington, D.C.

Federal Reserve Chair Jerome Powell said the Fed is likely to lower interest rates in September if inflation eased further this month.

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