Addressing the muchawaited Jackson Hole Symposium on Friday, Powell said that "the time has come for policy to adjust" but stopped short of giving a hint on the quantum of interest rate cut.
"The time has come for policy to adjust. The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks," Powell said.
Esta historia es de la edición August 24, 2024 de The Free Press Journal.
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