Fed chairman Powell triggers stocks surge on Wall Street
Jerome Powell eases worries that aggressive interest rate hikes could slow economic and profit growth.
Nevil Gibson
Thu, 29 Nov 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
S tocks on Wall Street soared for the third session in a row as Treasury yields and the US dollar fell after Federal Reserve chairman Jerome Powell said interest rates were “just below” a level considered neutral.
In prepared remarks to the Economic Club of New York, Mr Powell said the Fed
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Nevil Gibson
Thu, 29 Nov 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
