Did Powell Just Drop the Recession Bomb? Fed Hints at Rate Cuts
In the last FOMC on 13 December 2023, Powell indicated the possibility of interest rate reductions in the near future, citing the current financial climate. Notably, the US has historically lowered rates only during significant global economic challenges. The Great Depression, the 2008 financial crisis, and the COVID-19 pandemic – these are just a few examples […]
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