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‘The time has come’ to begin reducing interest rates

“The time has come for policy to adjust,” Powell said in his keynote speech at the Fed’s annual economic conference in Jackson Hole, Wyoming.

By: The Mercury News

Aug 24 2024
9
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‘The time has come’ to begin reducing interest rates — ‘The time has come’ to begin r

By CHRISTOPHER RUGABER JACKSON, Wyoming (AP) — With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Friday. Powell di... [5848 chars]

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Fed Chair Jerome Powell signals "time has come" for interest rate cuts