The markets kicked off the new week with insights from FED Chairman Powell on CBS television. Powell emphasized the need to assess additional economic data before considering any interest rate cuts. He highlighted the challenging path the US is treading, cautioning that debts are outpacing growth. As a result, expectations for an interest rate cut in March have significantly diminished. #FedChairman #MarketInsights #InterestRates #EconomicData #PowellStatements #MarketOutlook #MarchExpectations
…to CBS’s Face the Nation…#SenatorWarren …no faith in San Francisco #federalreserve president #MaryDaly or #Fedchairman #JeromePowell.
https://www.theguardian.com/business/2023/mar/19/elizabeth-warren-us-bank-collapse-fed-chair-jerome-powell
#politics #economy #svb #USbank #bankfailure