Powell says Fed interest rates may not need to rise as much amid banking stress
Published
Fed Chair Powell said officials may not have to raise the fed funds rate as much due to banking system stress. He added risks are "more balanced"
Published
Fed Chair Powell said officials may not have to raise the fed funds rate as much due to banking system stress. He added risks are "more balanced"
Federal Reserve Chair Jerome Powell said on May 19 that the interest rates may not have to be increased as much as previously..
ViewUncertainty continued to pummel the banking industry, despite assurances from financial regulators and bankers such as Jamie..