Reported about 3 hours ago
Fed Chair Jerome Powell warned that there are now 'no risk-free paths' for economic policy as the central bank shifts focus towards balancing maximum employment and inflation control. With the labor market weakening and rising unemployment, the Fed plans to ease restrictions, forecasting two additional rate cuts this year. Powell emphasized the unusual tension between the Fed’s dual goals and reassured that the institution remains resilient against external influences.
Source: YAHOO