Tag Archives: Powell
Powell Signals a Shift: Time for Change in Monetary Policy
U.S stocks surged following Powell’s remarks, with the S&P 500 index climbing nearly 1% and closing at 5634. In his anticipated speech at the Kansas City Fed’s annual conference in Jackson Hole, Powell stated that “the time has come for policy to adjust.” (S&P 500 Index Daily Price Chart) He indicated readiness to lower interest […]