Fed chair makes stronger case for rate cut as global growth risks rise
Jay Powell highlights the importance of the central bank’s autonomy from political interference after attacks by Donald Trump
25 June 2019 - 20:52
New York — Federal Reserve chair Jerome Powell said on Tuesday that the downside risks to the US economy have increased recently, reinforcing the case among policymakers for lower interest rates.
“Crosscurrents have re-emerged, with apparent progress on trade turning to greater uncertainty and with incoming data raising renewed concerns about the strength of the global economy,” Powell said Tuesday in the text of remarks to be delivered at the Council on Foreign Relations in New York...
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