US Federal Reserve chair signals no rate cut in December
Jerome Powell says he expects ‘a sustained expansion of economic activity and a strong labour market’, and doesn’t mention Trump
13 November 2019 - 18:01
Washington — The US economy is likely to continue to grow, but faces continued risks from the global slowdown and trade disputes, which have already dampened expansion, US Federal Reserve chief Jerome Powell said on Wednesday.
In the first of back-to-back days of testimony before Congress, Powell re-affirmed that the central bank is on hold after cutting the benchmark lending rate three times in 2019...
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