President has pressured Jay Powell to slash rates but central bank is trying to find right balance amid tariff tailspin
Stocks soared on Friday following the strongest signal yet that US the Federal Reserve is gearing up to start cutting interest rates again this fall. But how long this celebration can last?
While Wall Street cheered the biggest headline from Fed chair Jerome Powell’s speech at the annual Jackson Hole symposium in Wyoming, Powell also delivered a reality check on where interest rates could settle in the the longer term.
