NEW: Powell Cracks, Suggests Rate Cuts Are A Possibility

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Jerome Powell, chairman of the Federal Reserve, dropped hints on Friday that sometime next month, central bank policymakers might be able to take a hatchet to interest rates due to current economic conditions. The news was well received by Wall Street.

Powell delivered a speech at the Fed’s yearly Economic Policy Symposium, in Jackson Hole, Wyoming, where he said that, “the balance of risks appear to be shiftin...... to continue reading, follow the link below

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