Thursday 29 November 2018

Fed Chief's Remarks On Economy And Interest Rates Cheer Investors

In a speech to the Economic Club of New York on Wednesday, Federal Reserve Chairman Jerome Powell said interest rates are just below the range of estimates that would be "neutral" for the economy.

Federal Reserve Chairman Jerome Powell said that the outlook for the U.S. economy remains solid and that interest rates are nearly within a "neutral" range, touching off a surge in stock prices.

(Image credit: Don Emmert/AFP/Getty Images)



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