LATEST: 🇺🇸 Fed Chair Jerome Powell suggested that the current conditions 'may be necessary' for cutting down the whales.



Federal Reserve Chairman Powell stated that the continuously "changing" economic risks have given the Fed more than enough reason to cut interest rates. This statement indicates that Powell has aligned himself with the "doves" on the Federal Open Market Committee responsible for setting interest rates, while also signaling that he may support a 25 basis point cut in the next meeting in September.
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