Federal Reserve Chair Jerome Powell said Friday the central bank faces “significant uncertainty” as it attempts to navigate the impact of President Trump’s policies, suggesting the bank could cut rates as the job market weakens.
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Key business and economic news with implications this week and beyond:
Full StoryPresident Trump said he spoke to Canadian Prime Minister Mark Carney, who told him he would remove some of the retaliatory tariffs against the United States and calm trade tensions between the neighboring nations.
Trump says US will impose tariffs on all foreign furniture
Full StoryUpcoming news themes and events we're watching:
The Census Bureau releases data on new home sales Monday at 1o a.m. EDT The Conference Board releases its latest consumer confidence index Tuesday at 10 a.m. EDTBranch out with more stories from the day:
Business and economic news we've flagged from other outlets:
Cleveland Fed’s Hammack casts doubt on interest rate cuts amid inflation worries (CNBC) DHL pauses many parcel shipments to the US (CNN) Apple Fitness Chief Accused of Toxic Workplace Culture and Harassment (NYT)Opinions related to business and economic issues submitted to The Hill:
Changing the jobs report won’t fix America’s workforce crisis Jerome Powell stays even-keeled at Jackson HoleHence then, the article about powell opens door to rate cut at jackson hole was published today ( ) and is available on The Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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