White House National Economic Council Director Hassett: Many economists believe the Federal Reserve has acted too slowly
According to a report by Jinse Finance, White House National Economic Council Director Hassett stated that current data is consistent with what is needed for the Federal Reserve to cut interest rates. He emphasized respect for the Fed's independence. Many economists believe that the Federal Reserve has been too slow to act.
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The US Dollar Index rose by 0.49%, closing at 97.349.
The Dow Jones Index closed up by 123.92 points, with both the S&P 500 and Nasdaq also rising.
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