Federal Reserve Chairman Jerome Powell highlighted the growing importance of global developments in monetary policy—a reflection of how slowing growth abroad has likely set the stage for the U.S. central bank to cut interest rates despite strong labor markets and consumer spending at home. In remarks prepared for delivery at a conference in Paris, Mr. Powell focused on how the landscape for charting monetary policy has changed, including how one central bank’s moves can ripple through the global economy.

Source: Wall Street Journal July 16, 2019 17:02 UTC