Powell says the Fed doesn’t need to be ‘in a hurry’ to reduce interest rates

Powell says the Fed doesn’t need to be ‘in a hurry’ to reduce interest rates


Key Points
  • Federal Reserve Chairman Jerome Powell said Thursday that strong U.S. economic growth will allow policymakers to take their time in deciding how far and how fast to lower interest rates.
  • “The economy is not sending any signals that we need to be in a hurry to lower rates,” Powell said in Dallas.



Source

Trump wraps up two-day China trip; invites Xi for a September visit
Finance

Trump wraps up two-day China trip; invites Xi for a September visit

U.S. President Donald Trump and Chinese President Xi Jinping meet on the sidelines of a visit to Zhongnanhai Garden on May 15, 2026 in Beijing, China. China Pool | Getty Images News | Getty Images BEIJING — U.S. President Donald Trump has invited Chinese President Xi Jinping to visit the White House on September 24, […]

Read More
Fed Governor Miran submits resignation, throws support behind Warsh as new chair
Finance

Fed Governor Miran submits resignation, throws support behind Warsh as new chair

Key Points Fed Governor Stephen Miran officially handed in his resignation letter Thursday, saying he will vacate his spot on the central bank board when or just before new Chair Kevin Warsh takes his seat. Miran has advocated for lower rates, voting against the three quarter-percentage-point reductions the FOMC approved in 2025. This year, he […]

Read More
UFC’s Dana White urges Trump to reverse gambling tax law. His letter moved the prediction market
Finance

UFC’s Dana White urges Trump to reverse gambling tax law. His letter moved the prediction market

Key Points Dana White in a letter to President Donald Trump urged him to reverse a cap on gambling loss deductions approved as part of his signature tax law. Odds that the cap is reversed this year jumped on prediction markets platform Kalshi. Source

Read More
Powered by WordPress | WP Magazine by WP Mag Plus