US Markets Wrap: Fed Chair Powell says holding rates high for too long could jeopardize economic growth
US Markets Wrap - A podcast by Money FM
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In his latest speech, Federal Reserve Chair Jerome Powell expressed concern that holding interest rates too high for too long could jeopardize economic growth. Setting the stage for a two-day appearance on Capitol Hill this week, the central bank leader said that the economy and labour market have stayed strong despite recent cooling. Laila Pence, President & Co-Founder, Pence Wealth Management weighs in on how long is too long, the scale of rate cuts we might see in the coming months; whether a lack of market breadth kept the S&P 500′s gains in check; if we're seeing central bank divergence currently; as well as her top conviction calls. Presented by: Emaad AkhtarProduced & Edited by: Yeo Kai Ting ([email protected])Photo credits: Tierney L. Cross | Bloomberg | Getty ImagesSee omnystudio.com/listener for privacy information.
