UPDATE 1-With Fed’s ‘insurance’ cut, Powell takes cue from Greenspan
In cutting U.S. interest rates
but signaling that a series of further cuts was unlikely,
Federal Reserve Chairman Jerome Powell on Wednesday took a page
from the playbook of his predecessor Alan Greenspan, who used a
similar tactic in the 1990s with apparent success.
but signaling that a series of further cuts was unlikely,
Federal Reserve Chairman Jerome Powell on Wednesday took a page
from the playbook of his predecessor Alan Greenspan, who used a
similar tactic in the 1990s with apparent success.
Posted by Reuters