Fed Chair Extends A Dovish Hand, Lifting Stocks
Published Wednesday, December 31, 1969 at: 2:00 PM EST
Extending a hand to support a more dovish monetary stance, Federal Reserve Chairman Jerome Powell signaled a pause in hiking rates in 2019.
In a speech on Wednesday, Powell tempered previous remarks about the Fed's views on interest rate hikes.
The news cheered investors in stocks as newly released inflation data encouraged the Fed chair's more dovish posture.
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