Jerome Powell

As US Federal Reserve Chairman Jerome Powell made it apparent that the bank was prepared to lower interest rates as inflation was slowing down, stock markets surged on Friday. The broad-based S&P 500 climbed more than one per cent, and the Nasdaq gained 1.3 per cent, while the Dow was up 476 points, or 1.17 … Read more

Jerome Powell, the chair of the Federal Reserve, made it abundantly evident on Friday that safeguarding the labour market was now the central bank’s top priority and that it would not hesitate to switch to interest rate reductions in the closing weeks of a presidential election campaign. In an address to the Kansas City Fed’s … Read more