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Heard on the Street Tuesday Recap: Powell's Dance

·1 min

Congress may not seem like the place for subtlety these days, but there was a discernible shift from Jerome Powell during his recent appearance before the Senate Banking Committee. The chair of the Federal Reserve made a careful but significant move that brings the central bank closer to lowering interest rates.

Congress Considers Shifting Towards Lowering Interest Rates #

During his recent testimony before the Senate Banking Committee, Federal Reserve Chair Jerome Powell exhibited a subtle but important shift in his stance. This move brings the central bank closer to considering a reduction in interest rates. Despite the lack of subtlety in Congress nowadays, Powell’s careful approach indicates a potential shift in monetary policy.