Economics
Powell Sounds Dovish Enough to Open Door for a Half-Point Cut
- Fed chairman shows determination to lower borrowing costs
- Powell cites risks to global outlook and too-low inflation
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Nothing seems likely to stop Jerome Powell from cutting interest rates later this month. Not the regional Federal Reserve presidents who want to wait, not the strongest labor market in decades, and certainly not the political shadows that hang over such a move.
Now traders are asking: If Chairman Powell is so worried about the outlook for economic growth, could he cut rates even more than the quarter-point the market has priced in?