Fed Chair Announces Incoming Rate Cut… Just in Time to Boost Kamala Harris (VIDEO)
Just in time to give Kamala Harris a boost.
Federal Reserve Chairman Jerome Powell on Friday said it is time for interest rate cuts since “inflation has declined significantly.”
“Inflation has declined significantly. The labor market is no longer overheated, and conditions are now less tight than those that prevailed before the pandemic,” Jerome Powell said at a press conference in Jackson Hole, Wyoming. “Supply constraints have normalized. And the balance of the risks to our two mandates has changed.”
WATCH:
“Inflation has declined significantly,” Fed Chair Powell says at Jackson Hole, later adding: “The time has come for policy to adjust. The direction of travel is clear.” pic.twitter.com/H6AdwPVr0O
— Yahoo Finance (@YahooFinance) August 23,
