Jerome Powell Says the Fed Still Expects to Cut Rates This Year

Federal Reserve Chair Jerome Powell reiterated Wednesday that the central bank expects the need to cut interest rates this year, despite the recent stronger-than-expected economic activity. Photo: Loren Elliott/Bloomberg NewsFRANKFURT, Germany — The inflation that has squeezed European shoppers fell more than expected in March to 2.4%, as cost spikes in the grocery aisle eased and overall price rises headed down in the two biggest economies, Germany and France.

-- Gold rose to another record after Federal Reserve Chair Jerome Powell reiterated that it will likely be appropriate to begin lowering interest rates “at some point this year.

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Steve-O said on a recent episode of his “Wild Ride!” podcast that he had to turn down a request to appear on Bill Maher’s podcast because Maher allegedly refused not to smoke pot during the interview. “Jackass” alum Steve-O is 16 years sober. Maher is often seen smoking marijuana during his “Club Random” podcast interviews. …

Source: Loan Digest (loandigest.net)

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