Reported 22 days ago
Federal Reserve Chair Jerome Powell is poised to announce a likely interest rate cut this week, aiming to signal an end to inflation-fighting efforts. Anticipated to cut rates by either 25 or 50 basis points, Powell may face criticism from both ends of the political spectrum, yet key political figures indicate that there is substantial support for the move. With the economic situation growing increasingly complex amidst the approaching 2024 election, Powell vows to keep the Fed independent from political pressures.
Source: YAHOO