OAN Newsroom
UPDATED 10:56 AM PT — Thurs. Nov. 29, 2018
Federal Reserve Chairman Jerome Powell is softening his stance on interest rate hikes after repeated criticisms from President Trump.
While speaking at the economic club of New York Wednesday, Powell said higher interest rates are necessary to stave off risks to the U.S economy.
“My own assessment is that, while risks are above normal in some areas and below normal in others, overall financial stability