Stocks surged after Federal Reserve Chair Jerome Powell signaled increased risks to the labor market and left open the possibility of interest-rate cuts. The S&P 500 rose 1.6% toward its recent all-time high, the Dow jumped 939 points (2.1%) above its December record, and the Nasdaq gained 1.9%. Investors and President Donald Trump pushed for lower rates to boost the economy. A surprisingly weak jobs report raised expectations of cuts at the Fed's September meeting. Powell emphasized balancing employment and inflation while declining to commit to specific timing.
Ka-Powell
The Fed isn't going to be the party-pooper.
it is a curious kind of balance
the stability of the unemployment rate and other labor market measures allows us to proceed carefully as we consider changes
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