Dow up over 250 points, erases 2020 losses


August 27, 2020 10:54 am
August 27, 2020 10:54 amLeave your thoughts

The Federal Reserve Chairman Jerome Powell unveiled a new framework that could keep interest rates lower for a longer period of time. 

 Powell said the central bank formally agreed to a policy of “average inflation targeting.” In other words, the central bank will let inflation run “moderately” above its 2% goal for “some time.”

CNBC’s Jim Cramer called the move “Incredible”.


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