The lifeblood of any speculative market is cheap money, and that lifeline is being cut. Global markets are in a tailspin as expectations for a US Federal Reserve interest rate …
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Monetary Policy
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Politics
Powell: Fed’s Rate Decisions Guided by Prudence, Not Political Pressures
by admin4773510 comments 62 viewsFederal Reserve Chair Jerome Powell is asserting that the Fed’s interest rate decisions are guided by prudence, not political pressures. Powell defended the central bank’s decision to hold rates, despite …