WSJ: Powell Aims to Replicate Greenspan's Masterpiece of the 90
The Wall Street Journal commented that Powell's 50 basis point rate cut aims to replicate the masterpiece of former Federal Reserve Chairman Greenspan in the 1990s. The rate cut in 1995 laid the foundation for a soft landing of the U.S. economy and prosperity at the end of the decade.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Microsoft integrates Office Suite into Copilot, turning the AI assistant from a “plugin” into an “entry point”, and the stock price rises by 3.7%
Microsoft has announced a major upgrade to Copilot: Word, Excel and PowerPoint will be directly integrated into this AI assistant. Additionally, new programming tool Code and a continuously running AI agent called Autopilot have been introduced, aiming to transform Copilot from a single AI assistant into a one-stop solution for office work, programming, and task execution.
Crypto prices
More
