Nervous Jerome Powell opens door to interest-rate cut in US in July
The US Fed chair has made it clear uncertainty, primarily about Donald Trump's trade battles, is a major factor behind the Fed's shift, along with weaker-than-wanted inflation
20 June 2019 - 12:28
Washington — Former US Federal Reserve chair Alan Greenspan once remarked that uncertainty was the “defining characteristic’’ of monetary policy — and he never had to deal with President Donald Trump.
In a reversal of policy on Wednesday, current Fed chief Jerome Powell opened the door to an interest-rate cut as early as July...
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