Powell Hints at Two More Rate Cuts: What It Means

Is the US economy about to get a boost? Fed Chair Jerome Powell just signaled two more interest rate cuts are likely this year, potentially lowering borrowing costs for everything from mortgages to car loans! Despite data disruptions from the government shutdown, the Fed is prioritizing job growth over inflation worries, even as tariffs nudge inflation slightly higher. Powell also defended the Fed's controversial pandemic-era bond purchases, arguing they averted financial disaster. Get ready for possible changes in your wallet! The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.