Powell puts rate cut on table
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Stocks soared on Friday after Federal Reserve Chair Jerome Powell signaled the central bank may be ready to resume cutting interest rates at its next policy meeting in September.
Federal Reserve Chair Jerome Powell delivers a high-profile address at the annual Jackson Hole Economic Policy Symposium.
Wall Street is rallying after the head of the Federal Reserve indicated cuts to interest rates may be coming, though he gave no clear clue about when.
Federal Reserve Chair Jerome Powell didn't "promise" to cut interest rates in September and may not adjust rates if there are dramatic surprises in the data in the coming weeks, said former Boston Fed President Eric Rosengren.
Lower rates help many businesses, including car makers. Rate cuts make financing vehicle purchases more affordable. As for the truck, Tesla raised the price of the high-end versio
While Trump frames the issue as consumer pain, Wharton’s Joao Gomes told Fortune that cheaper borrowing would also ease interest payments on the government’s $37 trillion debt burden—likely a central motivation.
4hon MSN
Powell hints at potential interest rate cuts. What that means for homeowners hoping to refinance
Fed Chair Jerome Powell hinted at potential interest rate cuts on Friday. If the slash materializes, experts say the move could be "good news" for mortgages.