Fed chair Powell defends his rate cut, calls stock prices ‘fairly highly valued’

24/09 04:02

Federal Reserve Chair Jerome Powell said on Tuesday that the job market is looking weaker than expected, and that’s why he made the Federal Reserve’s first interest rate cut of 2025. Speaking in Providence, Rhode Island, Powell explained that the Federal Open Market Committee (FOMC) decided to reduce the benchmark interest rate because risks to […] source: https://www.cryptopolitan.com/powell-defends-his-rate-cut-disses-stocks/

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Fed chair Powell defends his rate cut, calls stock prices ‘fairly highly valued’

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