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Washington Today (8-23-24): Fed Chair Powell signals interest rate cut in Sept, says 'time has come'
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August 23, 2024
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43:06Now PlayingFederal Reserve Chair Jerome Powell signals the Fed is prepared to start cutting interest rates, telling the annual Fed economic conference at Jackson Hole, Wyoming, “The upside risks to inflation have diminished. And the downside risks to employment have increased. The time has come for policy to adjust.”
The Justice Department files an antitrust lawsuit against a real estate software company RealPage, charging that its software allowed landlords to collude to keep rents high.
Independent Presidential candidate Robert F. Kennedy, Jr. suspends his campaign and endorses Republican nominee Donald Trump, saying he does not want to be a spoiler and hand the victory to Democratic nominee Kamala Harris.
Kennedy spent much of his speech in Arizona criticizing the Democratic Party and mainstream media for, he says, unfairly hindering his run for the White House.
White House national security spokesperson John Kirby says cease-fire and hostage release talks between Israel and Hamas will continue into the weekend. This comes after reports that an agreement was near collapse.
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