The Dow closes more than 450 points higher as Jerome Powell says 'the time has come' for new Fed policy
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Vinamrata Chaturvedi (via Quartz)
The Dow Jones Industrial Average (DJIA) surged over 450points on Friday afternoon after Federal Reserve Chair Jerome Powell signaled that interest rate cuts might happen soon. Speaking at the annual Jackson Hole Economic Symposium in Wyoming, Powell hinted at potential rate cuts but didn’t offer specific details on…Read more...
