‘The time has come’: The Fed just sent a crucial message about its next move | CNN Business

Washington CNN  — 

America’s top central banker has unambiguously signaled that lower interest rates are finally on the horizon, marking a crucial milestone for the Federal Reserve’s historic — and, so far, successful — inflation fight.

“The time has come for policy to adjust,” Fed Chair Jerome Powell said in prepared remarks for his keynote speech at an annual gathering of central bankers and economists in Jackson Hole, Wyoming. “We will do everything we can to support a strong labor market as we make further progress toward price stability.”

The Fed chief also expressed confidence in

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

How to Start a ‘Million Dollar’ Morning Routine

Tackle AI's toughest questions with Ben Angel, mapping the business terrain for 20 years. Master the AI landscape and reach peak productivity and...

Apple’s Biggest iPhone Launch Since 2020 Could Be Coming Soon — Here’s When the iPhone 16 Will Reportedly Drop

The newest iPhones could go on sale in less than a month.Apple is planning the launch of its next generation of iPhones, AirPods and...

Meta takes down more accounts tied to Iranian hackers targeting the U.S. election

The Meta logo at a trade fair in France earlier this year. The...