Powell Issues Trade Warning and Announces Potential Further Rate Reductions

JACKSON HOLE, USA – Federal Reserve Chairman Jerome Powell has issued a strong warning about the risks to the US economy from escalating trade tensions and bank capacity limits central to amortize the fallout.

In a highly anticipated speech on Friday, Powell said the central bank would follow its rate cut last month, the first in its history in more than a decade, with a further cut in the near future. But he did not hesitate to say how much stimulus the Fed could provide beyond that.

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