Reported 17 days ago
Federal Reserve Chair Jerome Powell confirmed he would not resign if re-elected Donald Trump requested it, following the Fed's decision to cut interest rates by a quarter percentage point. Powell emphasized that the presidential election would not influence the Fed's policy decisions and stated that the economy remains strong despite risks. Recent data showed growth in consumer spending but also a slight cooling in the labor market. The Fed aims for a careful approach to future rate adjustments while monitoring inflation trends.
Source: YAHOO