Fed Chairperson Jerome Powell said on Wednesday that Fed officials did not want to start with a 50 basis point rate cut, but said "what looks like a deeper recession... is something we want to respond to," Nick Timiraos revealed.
It is reported that US Senator Warren posted on X urging Powell to cut interest rates "now", saying Powell had made a serious mistake by not cutting rates.
Fed megaphone: Powell says officials don't want to start with 50 basis points rate cut
2024-08-02 13:51:13
Federal Reserve Transmission Nick Timiraos Disclosure American League Reserve Chairperson Powelldesk3cryptocurrencydesktopCrypto News
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