Fed Chair Powell Hints at Potential Rate Cut
At the Fed’s annual conference in Jackson Hole, Chair Jerome Powell indicated a slight possibility of a rate cut in September. His remarks come as the economy navigates post-pandemic challenges.
Raghuram Rajan Commends Powell’s Leadership
Former Reserve Bank of India governor Raghuram Rajan praised Powell for effectively managing monetary policy, highlighting his role in achieving a soft landing despite inflation pressures from the pandemic era. Rajan believes Powell deserves more recognition for his leadership.