Fed staff sees a recession
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Federal Reserve Chair Jerome Powell defended the central bank's response to the COVID-19 pandemic Sunday in a Princeton University speech in which he also praised government employees and U.S. universities,
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24/7 Wall St. on MSNJerome Powell Says Supply Shocks Are Coming—Which Stocks Can Still Thrive?Fed chair Jerome Powell’s words sure can move markets. And while Fed meetings and new commentary from Chairman Powell will surely have some investors biting their nails, it’s worth noting that the market’s immediate reaction doesn’t always make the most sense.
There are signs of slowing in some areas of the economy, but not the kind that would prompt the central bank to quickly cut interest rates.
The director of the Federal Housing Finance Agency (FHFA) took to social media Monday to tell Federal Reserve Chair Jerome Powell that it’s time to resume the central bank’s interest rate cuts.
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