Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next.
Trump cracking his tiny knuckles: I’ll do wonders for inflation. Everyone knows it. Do you like balloons? People say my inflation is the best.
It’s gonna be yuge.