Fed’s Powell Says Brexit Shifts Global Risks Further to Downside

  • Powell says it is far too early to judge effects of U.K. vote
  • Important to assess appropriate U.S. policy stance post-Brexit

How Brexit Has Changed the Odds for a Fed Rate Hike

Federal Reserve Governor Jerome Powell said global risks have shifted further to the downside after Britain’s vote to exit the European Union, introducing new uncertainties that may merit reassessing monetary policy.

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