Fed chairman Powell triggers stocks surge on Wall Street
Jerome Powell eases worries that aggressive interest rate hikes could slow economic and profit growth.
Nevil Gibson Thu, 29 Nov 2018
Stocks on Wall Street soared for the third session in a row as Treasury yields and the US dollar fell after Federal Reserve chairman Jerome Powell said interest rates were “just below” a level considered neutral.
In prepared remarks to the Economic Club of New York, Mr Powell said the Fed
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