Fed's Powell Signals Possible Rate Cuts Amid Political Pressure
TL;DR
Fed Chair Powell indicated a potential rate cut due to rising downside risks to employment and economic weakening, while emphasizing that any decision will depend on data and risk assessment, amidst political pressures and trade tensions.
- Fed's Powell opens door to rate cut amid Trump pressure Politico
- Powell indicates conditions 'may warrant' interest rate cuts as Fed proceeds 'carefully' CNBC
- Jerome Powell Suggests Fed Will Soon Cut Interest Rates in Jackson Hole Speech The New York Times
- Trump moves to oust Federal Reserve Chair Jerome Powell in unprecedented move NBC News
- Powell Says Shifting Risks May Warrant Adjusting Rates Bloomberg.com
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