Federal Reserve Chair Jerome Powell has signaled his intention to step down, aiming to leave the economy robust. In a recent press conference, Powell acknowledged internal policy disagreements within the Fed, noting the validity of both hawkish and dovish perspectives. He also addressed the housing market, admitting the Fed's limited ability to tackle the housing shortage, with a 25-basis-point rate cut unlikely to significantly improve affordability. Additionally, Powell suggested that removing tariffs could swiftly reduce inflation to the 2% target.
Fed Chair Powell Signals Departure, Highlights Policy Challenges
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