OMAHA, NE (KELO.com) — The jobless numbers have the full attention of the Federal Reserve Board, and they’re ready to take action. The Fed has increased interest rates for the past couple of years, trying to slow inflation caused by excess government spending. Because of the higher unemployment numbers, Fed Chairman Jerome Powell now says we can expect to see rate reductions. That’s a move Creighton University Economist Ernie Goss has been expecting.
If rates are cut next month, it would be the first cut since March of 2020.
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