Federal Reserve Chair Jerome Powell expressed confidence in the central bank’s progress in reducing inflation, suggesting that rate cuts may be on the horizon. Speaking at the Jackson Hole economic symposium, Powell emphasized the Fed’s commitment to achieving its 2% inflation target while maintaining a strong labor market. Rate Cuts Possible as Powell Expresses Confidence […]
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Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025
The Bank of Russia aims to open the payment infrastructure for the Russian central bank digital currency (CBDC), the digital...