US Fed rate cut is 'very positive sign' for economy: Yellen

Quick Summary:

"That's not to say we want to do everything entirely ourselves," Yellen said.

But Fed Chair Jerome Powell stressed after announcing the rate reduction: "We're not serving any politician, any political figure, any cause, any issue".

We've made a conscious decision that in the area of clean energy, we want to develop this as an industry in the United States," she said.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaUnited States

Topics: Rates Yellen 2024 Want Economy Interest Washington Decision Rate Janet Inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-20 @ 02:10:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 416 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 22606021

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 52 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #27

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