Reported 19 days ago
Federal Reserve Chairman Jay Powell is facing significant challenges as he initiates a cycle of interest rate cuts amidst a cooling job market and economic concerns. While he asserts that the Fed is not 'behind' in its approach, critics argue that their actions are reactionary rather than proactive. As unemployment rates rise and expectations for additional cuts vary among Wall Street analysts, Powell must navigate internal divisions within the Fed and maintain a delicate balance between stimulating growth and managing inflation.
Source: YAHOO