Economics @lemmy.world MicroWave @lemmy.world 3 mo. ago

Fed's Powell says 'time has come' to begin cutting interest rates

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

Fed Chair Jerome Powell offered a blunt outline on Friday of the path forward for Fed policy and the need to begin cutting interest rates.

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.

6 comments

YAY my next house will have a good interest rate.

Boo this will cause more rapid inflation
- Yeah next house will have a better rate and be 50% more expensive
  
  I'm just hoping I can refinance. Still kicking myself for not redoing my mortgage when rates were under 3% a few years ago.
Back to Q.E I guess. I wonder how the money printer is going...

That doesn't look so bad...

Oh.

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