Fed Chairman Jerome Powell hints at possible rate cut if necessary, citing trade war with China

Fed Chairman Jerome Powell hints at possible rate cut if necessary, citing trade war with China

The head of the U.S. Federal Reserve has hinted at a possible interest rate cut if necessary,... while pledging to keep an eye on the deepening trade disputes between Washington and Beijing.br Speaking at a policy conference in Chicago on Tuesday,... Fed Chairman Jerome Powell said the central bank is closely monitoring the ongoing trade tensions and will act (quote) "as appropriate" to sustain a strong labor market and inflation near the Fed's two percent objective.br This is in stark contrast to his earlier remarks,... during which Powell had not explicitly mentioned a need for rate cut despite President Trump's continued demands.


User: Arirang News

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Uploaded: 2019-06-05

Duration: 00:40

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