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Powell hints at long-awaited rate cut but admits Fed in ‘challenging situation’

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Manage episode 501834842 series 1764735
Content provided by PBS NewsHour. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by PBS NewsHour or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
In a closely watched speech, Fed Chair Jerome Powell gave the strongest indication yet that the central bank will cut interest rates as soon as September. With inflation ticking up and the job market cooling down, Powell said the Fed was in a “challenging situation.” Amna Nawaz discussed more with Loretta Mester, the former president and CEO of the Federal Reserve Bank of Cleveland. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy
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2712 episodes

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Manage episode 501834842 series 1764735
Content provided by PBS NewsHour. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by PBS NewsHour or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
In a closely watched speech, Fed Chair Jerome Powell gave the strongest indication yet that the central bank will cut interest rates as soon as September. With inflation ticking up and the job market cooling down, Powell said the Fed was in a “challenging situation.” Amna Nawaz discussed more with Loretta Mester, the former president and CEO of the Federal Reserve Bank of Cleveland. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy
  continue reading

2712 episodes

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