Beware of robber banks (RB), bad advisors.
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Powell says we're 'a long way' from neutral on interest rates, indicating more hikes are coming
Federal Reserve Chairman Jerome Powell said the central bank has a ways to go yet before it gets interest rates to where they are neither restrictive nor accommodative. In a question and answer session Wednesday with Judy Woodruff of PBS, Powell said the Fed no longer needs the policies that were in place that pulled the economy out of the financial crisis malaise. "The really extremely accommodative low interest rates that we needed when the economy was quite weak, we don't need those anymore. They're not appropriate anymore," Powell said. "Interest rates are still acommodative, but we're gradually moving to a ... (full story)
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Beware of robber banks (RB), bad advisors.
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