Crypto Blog
Federal Reserve chairman Jerome Powell promised to start cutting interest rates during his speech at the annual 2024 Jackson Hole Economic Symposium on Friday.. “The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks.”
“While the task is not complete, we have made a good deal of progress toward that outcome,” he said. That said, the downside risks of employment have begun to rise, with unemployment reaching 4.2% in July. Inflation began to surge in 2021 following both the central bank and the government’s stimulative policies to uphold the economy during the coronavirus pandemic, combined with supply chain constraints caused by the pandemic itself.
Powell admitted during his speech that the Fed was late to recognize how persistent rising inflation would be in 2021, having mistakenly labeled the signs as “transitory” until October of that year.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Date Everything! truly lets you date almost everythingDT Video
Read more »
You can date everything in Date Everything!Danny Gallagher is a writer and reporter based in Dallas. His work has appeared in The Dallas Observer, D Magazine, CNET, Cracked, The Onion AV Club and Retro Gamer magazine. He's also written material for games published by Jackbox Games and the first ever Halloween episode of Mystery Science Theater 3000. His website is dannygallagher.
Read more »
U.S. Open 2024: Everything you need to know about the year’s final Grand SlamU.S. Open 2024: Everything you need to know about the year's final Grand Slam
Read more »
Philly 10K: Road closures, parking restrictions, and everything else you need to knowFrom start times to street closures, here is everything you need to know about the Philly 10k happening this Sunday.
Read more »
Polaris Dawn: Everything you need to know about the 1st mission of the Polaris ProgramElizabeth Howell (she/her), Ph.D., is a staff writer in the spaceflight channel since 2022 covering diversity, education and gaming as well. She was contributing writer for Space.com for 10 years before joining full-time.
Read more »
Everything You Need for Your College Dorm Bed — Shop Sheet Sets, Mattress Toppers, Pillows and MoreShop the best bedding essentials to transform your dorm bed from Brooklinen, Pottery Barn and more.
Read more »