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Jerome Powell · ArdmoreBy CHRISTOPHER RUGABER, AP Economics Writer WASHINGTON (AP) — Most members of the Federal Reserve’s interest-rate setting committee supported further reductions to its key interest rate this year, according to minutes from last month’s meeting released Wednesday. A majority of Fed officials felt that the risk unemployment would rise had worsened since their previous meeting in July, while the risk of rising inflation “had either diminished or no…See the Story
Fed Minutes: Most Officials Supported Further Rate Cuts as Worries About Jobs Rose
71% Center coverage: 21 sources
Jerome Powell · United StatesDespite the uncertainty surrounding the length of the government shutdown and its ongoing effects, Federal Reserve Chair Jerome Powell yesterday highlighted concerns over employment data as all eyes are on the Federal Open Market Committee (FOMC) and a potential interest rate cut ahead of their next meeting Oct. 28-29. In a speech at the National… The post Fed Chair Again Emphasizes No ‘Risk-Free Path’ as Rate Cut Seems More Certain appeared fi…See the Story
