SIGNAL OF INTEREST RATE CUT FROM FED CHAIRMAN POWELL AND CRITICISM OF TRUMP'S POLICIES
Jerome Powell opened the door for an interest rate cut at Jackson Hole; he indicated that employment risks have increased and that Trump’s tariffs have raised inflation. He emphasized that policy adjustments may be necessary amid uncertainties. After the speech, bank stocks and gold rose, and the Dow Jones hit a record high of 45,631 points.
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