Federal Reserve Chair Jerome Powell speaks to reporters after the U.S. central bank held rates steady at the end of its two-day policy meeting. Powell explains why the Fed is now signaling only one rate cut this year, which is down from three cuts forecasted in March. Powell gives an update on the U.S. macroeconomic outlook, including inflation, GDP growth, and unemployment. Fed Chair also comments on the balance of risks, including banking and housing sectors.
#Fed #Powell #economy #rates
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