Federal Reserve Chair Jerome Powell said on Friday “the time has come” for the U.S. central bank to cut interest rates as rising risks to the job market left no room for further weakness. Powell said that a slowdown in the labor market is “unmistakable” and “the downside risks to employment have increased.” NTD speaks with investor Brian McCarthy for analysis.
Fed Is ‘Behind the Curve’ on Interest Rate Cut: Expert
By Don Ma