Europe heads for mixed open as markets digest Powell’s comments on cutting rates

U.S. Federal Reserve Chair Jerome Powell speaks at a news conference on interest rates, the economy and monetary policy actions on June 15, 2022.

Olivier Douliery- | Afp | Getty Images

So, “if you wait until inflation gets all the way down to 2%, you’ve probably waited too long,” he said Monday.

His comments, combined with expectations that the failed assassination attempt on Republican presidential candidate Donald Trump will lead to big gains for the party and friendlier fiscal policies from a Trump administration, sent Wall Street higher Monday.

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