His use of the word “transitory” was surprising because the Fed employed the same word when inflation exploded following the onset of COVID-19. Read more
It was the Fed’s first rate cut in more than four years. Read more
The Fed chief sent a strong signal that the central bank will start cutting interest rates in mid-September, roughly seven weeks before the Nov. 5 election. Read more
Federal Reserve Chair Jerome Powell repeated that the U.S. central bank isn’t in any rush to cut interest rates as policymakers await more evidence that inflation is contained. Read more
For Rick Plympton, there’s no going back to the pre-pandemic economy. The CEO of precision-lens maker Optimax Systems sees “shifting sands” in many aspects of his business. Read more
New York – Federal Reserve Chair Jerome Powell on Friday did little to dissuade markets from the “higher for longer” mantra for rates that has driven up Treasury yields in recent weeks... Read more
