Powell says Fed will keep US “in a good place”
Some FOMC members considering rate cut to cushion possible future shocks, minutes show
The case for a Federal Reserve rate cut has strengthened following chairman Jerome Powell’s testimony on July 10 and recent monetary policy minutes.
Powell told US lawmakers on July 9 that growing uncertainty has increased the downside risks to the US economic outlook.
“Economic momentum appears to have slowed in some major foreign economies, and that weakness could affect the US economy. Moreover, a number of government policy issues have yet to be resolved, including trade developments, the
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