Fed Chair Jerome Powell signals path to rate cuts
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The job market is on such shaky ground that the Federal Reserve may soon need to cut interest rates to support the economy, Fed Chair Jerome Powell said Friday at a key central banking forum.
Federal Reserve Chairman Jerome Powell on Friday did not give a clear indication of the central bank's plans to possibly cut interest rates amid pressure from President Donald Trump.
Another contested meeting would mark further deviation from the Fed's traditional consensus-driven decision-making process.