US Federal Reserve chair says 'time has come' to cut interest rate from 23-year high
In his keynote speech at the Fed's annual economic conference in Jackson Hole, Jerome Powell emphasized that inflation, after the worst price spike in four decades inflicted pain on millions of households, appears largely under control.
In his keynote speech at the Fed's annual economic conference in Jackson Hole, Jerome Powell emphasized that inflation, after the worst price spike in four decades inflicted pain on millions of households, appears largely under control.
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