It’s Time, Finally: The Bloomberg Close, Americas Edition
Jerome Powell, chair of the Federal Reserve, from left, Tiff Macklem, governor of the Bank of Canada, and Andrew Bailey, governor of the Bank of England, during the Kansas City Federal Reserve's Jackson Hole Economic Policy Symposium.
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Chair Powell affirmed expectations that the Fed will begin lowering borrowing costs next month, making clear his intention to prevent further cooling in the labor market.