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Powell Stresses ‘Challenging Situation’ for Fed as Rate Debate Intensifies
Jerome H. Powell, chair of the Federal Reserve, suggested he saw further scope to lower interest rates this year to protect the labor market despite rising inflation.
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cnbc.com
Powell says slowing labor market prompted rate cut, sees 'challenging situation' ahead
Powell said Tuesday that weakness in the labor market is outweighing concerns about stubborn inflation.
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nytimes.com
Powell Stresses ‘Challenging Situation’ for Fed as Rate Debate Intensifies
Jerome H. Powell, chair of the Federal Reserve, suggested he saw further scope to lower interest rates this year to protect the labor market despite rising inflation.