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Fed's Powell says 'time has come' to begin cutting interest rates (finance.yahoo.com)

submitted 4 months ago by MicroWave to c/economics

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Federal Reserve Chair Jerome Powell sent a straightforward message to markets in a key speech on Friday, saying "the time has come" for the central bank to begin lowering interest rates.

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[–] Anticorp 2 points 4 months ago

Yes, that was a very expensive mistake.

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