Powell Signals Fed Will Cut
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Federal Reserve Chair Jerome Powell said the Fed was on track to keep cutting interest rates as the U.S. job market cooled, signaling support for more rate cuts.
Reposted by David Darmofal, David R. Miller
Powell on Trump's immigration policies: "Stronger policy than most people had expected. We've seen a very sharp decline in growth of the labor force and in and people entering the country ... new people that come into the workforce create supply but they also create their own demand."
Reposted by Aaron Sojourner
Fed's Collins still favors additional rate cuts to aid job market reut.rs/4nUlPzU
Fed's Collins still favors additional rate cuts to aid job market
Federal Reserve Bank of Boston President Susan Collins reiterated Tuesday that rising risks to the job market support additional central bank interest rate cuts in what remains an uncertain economic environment.
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Jay Powell hasn’t been a perfect Fed Chair. He waited too long to raise interest rates bc he thought inflation was transitory. But he’s been one of the most effective while getting absolutely sh*t on by the populist left & especially the populist right. He deserves our thanks.
Reposted by Adam S. Posen