It appears that the Federal Reserve chairman, Jerome Powell, is on the verge of cracking under pressure. In a recent interview, he said that the central bank does not need to wait until inflation hits its target of 2% to cut interest rates. He said the rate-setting committee just needs to see greater confidence that […]

source: https://thefinance.sg/2024/07/19/smart-thought-of-the-week-cracks/