Washington, Nov 7, 2024 (AFP) - US election will have no near-term effect on Fed policy: Powell

NAMPA / AFP

2024-11-07

The US presidential election outcome will have "no effects" on central bank policy decisions in the near-term, Federal Reserve Chair Jerome Powell told reporters Thursday, after Republican Donald Trump's victory at the polls. "We don't know what the timing and substance of any policy changes will be. We therefore don't know what the effects on the economy would be," he added after the Fed unveiled its rate decision. "We don't guess, we don't spec......

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