Fed’s Jerome Powell Says the ‘Time Has Come’ for Rate Cuts After 23-Year High

Fed’s Jerome Powell Says the ‘Time Has Come’ for Rate Cuts After 23-Year High

At last, “the time has come” for interest rate cuts. Earlier on Friday, Federal Reserve Chair Jerome Powell gave would-be homebuyers and sellers some much needed hope. At the central bank’s annual gathering in the Grand Teton National Park in Jackson Hole, WY, Powell said, “We do not seek or welcome further cooling in labor
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