‘Time Has Come’ For Fed To Pivot Interest Rate Policy, Powell Says At Jackson Hole
‘Time Has Come’ For Fed To Pivot Interest Rate Policy, Powell Says At Jackson Hole
www.forbes.com ‘Time Has Come’ For Fed To Pivot Interest Rate Policy, Powell Says At Jackson Hole
Arguably the U.S.’ most powerful economic official took the stage Friday with the American economy at an inflection point.
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Canadas had two rate cuts already.
Honestly shocked that Trump appointee Powell hasn't crashed the market completely. But then again, raising the price of everything and making basics unaffordable is crashing the world, so it's probably going to need time to really see the devastation.
We will start to see it as soon as he lowers interest rates. That always makes things economically painful, even if it's better for the long-term health of the economy.