From ValueWalk: 2024-07-09 13:11:14

Federal Reserve Chair Powell addresses U.S. Senate on interest rates, warns of “two-sided risk” in adjusting rates. Unemployment rate at 4.1% in July as labor market cools. Inflation progress noted, but more data needed for rate adjustment. Fed may not raise rates in near future, prioritizing economic balance. Independence of central bank praised for public benefit. US economy deemed exceptional compared to global counterparts.



Read more at ValueWalk: “Two-Sided Risks” to Interest Rate Decisions