US in ‘favorable’ place, Fed will ‘act as appropriate’

Click For Larger Image & Read More
US in ‘favorable’ place, Fed will ‘act as...
 © CyprusMail 2019
The U.S. economy is in a “favorable place” and the Federal Reserve will “act as appropriate” to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not.

The chair, under pressure from President Donald Trump to cut rates soon and deeply, listed a series of economic and geopolitical risks that the Fed is monitoring — many of them, Powell noted, linked to the administration’s...


This article was automatically added to our system 23-8-2019

US in ‘favorable’ place, Fed will ‘act as appropriate’


The contents of this article including any associated images are © CyprusMail 2019
Views & opinions expressed in this article are those of the author and/or CyprusMail .

  • Click To Learn More
Advertise Here

  Trending Cyprus News

  • Click To Learn More
Advertise Here

Article Tags: favorable, place, appropriate,