Fed officials also forecast continued rate cuts over the coming months and into next year, generating optimism the central bank will be able to engineer a soft landing for the economy and reducing the ...
That means the central bank is about to cut interest rates. On Aug. 23, Fed Chair Jerome Powell said, “The time has come for policy to adjust. The direction of travel is clear, and the timing and ...
Michelle Bowman became the first Fed governor since 2005 to dissent on a rate decision, opposing a half-point cut in favor of a quarter-point reduction. Fed Chair Jerome Powell and the other 11 voting ...
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