Fed Chair Powell says 'time has come' for interest rate cut
Fed Chair Powell says 'time has come' for interest rate cut
www.nbcnews.com Fed Chair Powell says 'time has come' for interest rate cut
The central bank is primed to lower its key rate in September as inflation cools and the job market slows.
![Fed Chair Powell says 'time has come' for interest rate cut](https://lemmy.world/pictrs/image/e4fd716f-c782-41ca-9036-29c3a1e2f85e.jpeg?format=webp&thumbnail=256)
Federal Reserve Chair Jay Powell said Friday he expects the central bank will cut its key interest rate in the near future in response to slower economic growth and cooling inflation.
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