Federal Reserve Board Chairman Jerome Powell. Alex Wong/Getty Images This post originally appeared in the Insider Today newsletter. You can sign up for…
Fed Chair Jerome Powell, speaking last week after the end of a two-day policy meeting, said he and his colleagues new expectations for the policy rate path are shaped by the economy s unexpected resilience to rate hikes so far. The view of traders, and that of some economists, is that a faster loss of economic momentum and slowing jobs growth could forestall any further tightening and possibly trigger earlier policy easing next year
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Federal Reserve Board Chairman Jerome Powell. Alex Wong/Getty Images Fed Chair Jerome Powell said the central bank no longer forecasts a recession this year.…