Fed chair Powell publicly contradicts colleagues, rules out near-term cuts

Federal Reserve Chair Jerome Powell told Congress on Tuesday that the Fed is not planning to cut rates anytime soon, publicly breaking from some of his own board members who have begun pushing for a move as early as next month. Speaking before the House Financial Services Committee during his required semiannual testimony, Powell said […] source: https://www.cryptopolitan.com/fed-chair-powell-rules-out-near-term-cuts/