All eyes on the Fed
The US central bank faces a challenging path to fulfil its mandated goals
Federal Reserve chairman Jerome Powell has used his annual Jackson Hole address to signal the world’s most influential central bank is ready to cut interest rates for the first time since March 2000. Powell told attendees at the summit in Wyoming on August 23 that “the upside risks to inflation have diminished” and “the downside risks to employment have increased”. He said it was time for “monetary policy to adjust” and the “the direction of travel is clear”.
Powell’s strongest indication of a
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