Ole Jerome Powell at the Fed is finally getting with the program….
Federal Reserve Chair Jerome Powell gave his strongest signal yet that interest-rate cuts are coming soon, saying the central bank intends to act to stave off a further weakening of the U.S. labor market, the Wall Street Journal reports.
Said Powell: We do not seek or welcome further cooling in labor market conditions. The time has come for policy to adjust.”
Note….
This will N OT hurt the Harris/Walz campaign…