Powell stops short of committing to rate cuts, and Trump fumes
Share:
JACKSON HOLE, Wyo. (Reuters) - The Federal Reserve will "act as appropriate" to keep the U.S. economy healthy, Fed Chair Jerome Powell said on Friday, remarks that did not say how fast it might cut interest rates, drawing fire from President Donald Trump.The Fed chair, under pressure from Trump and markets to cut rates, characterized the U.S. economy as in a "favourable place" but facing "significant" risks, especially what Fed officials have described as the harmful effects of the White House's..