Federal Reserve Chair Jay Powell painted a dark picture this afternoon of the risks facing the U.S. economy due to President Donald Trump’s trade war. But Powell also made clear the Fed isn’t about to step in with a rate cut quite yet.
Powell addressed the Economic Club of Chicago as the Trump administration’s trade war enters its third week. Markets, already down for the day, slumped further as Powell spoke. The tech-heavy Nasdaq composite lost more than 3% today.
Presented by Comcast
Live sports streaming has driven many of the top 10 Internet traffic events in Comcast network history in just the past two years alone. Comcast is innovating its network so fans can stream the biggest moments in sports with the most reliable connection and ultra-low latency.
Presented by Comcast
Live sports streaming is driving record-breaking Internet usage. Comcast is pioneering the network of the future to give fans the most reliable sports streaming experience with ultra-low latency.
