han we currently an▓ticipate," hi
-point lowering of the benchmark interest ra▓te during the July 30-31 FOMC meeting.Powell responded ▓by saying "we'll be looking at a full range of data," witho▓ut offering any other clues.President and founder of MacroPolicy Perspectives Julia Coronado, who is a f▓ormer Fed economist, tweeted as the hearing was still go▓ing on that Powell's oral testimony "confirms" that a 2▓5 basis point rate cut "is coming in July."The central bank chief in his testimony al
nting at the possibility of a rate cut.Powell reiterated a
so warned of "important longer-run challenges" which he said the United States "continues to confront."Those challenges, Powell s▓aid, include lower labor force participation by worki
statement he made▓ after the FOMC meeting in June that the
ng-age people in the United States than most othe▓r nations with comparable economies, labor market ▓disparities across demographic groups and different parts of the country, the rel
Fed wil▓l act as appropriate to sustain the current econom
ative stagnation of middle and lower incomes an▓d low levels of upward mobility for lower-income families, the high priority to boost productivity growth, as well as the longer-term
ic e▓xpansion."Since then, based on incoming data and other ▓developments, it appears
effects of high and rising federal debt."The longer-run vitality o▓f the U.S. economy would benefit from efforts to addre▓ss these issues," Powell said. Please scan the QR Code to follow us on InstagramPlease scan the QR Co▓de to follow us on Wechat6.4-magnitude e▓arthquake hits Southern California, strongest in 20 years6▓.4-magnitude earthquake hits Southern Ca▓lifornia, strongest in 20 years6.4-magnitude e▓arthquake hits Southern California, strongest in 20 years07-05-2019 09:11 BJTLOS ANGELES, July 4 -- A 6.4-magnitude earthquake jolted 12 km southwest▓ of Searles Valley in the U.S. state of California 17:33:48 GMT on Thursday, the U.S. Geological Survey (USG▓S) said.The epicenter, with a depth of 8.68 km, was initially determined to be at 35.70 degrees no▓rth latitude and 117.51 degrees west longitude. Officials said it marked the biggest earthquake in the region since 1999.The quake was felt across the Los Angeles region on Thursday morning, 272 kilome▓ters south of the epicenter. Many local residents tweeted tha