The Federal Reserve Harmack said Friday that it may be time for the Fed to slow the pace of interest rate cuts. She believes the Fed's policy rate may not be much higher than neutral. Harmack noted that financial marekt expects the Fed to cut rates only once in the next two meetings and said that expectation is in line with her view. She said inflation, economic growth and the labor market remain stronger than the Fed expected in September. Harmack's remarks were the clearest hint in recent Fed ...
Reports of frequent contacts between billionaire Trump supporter Elon Musk and Russian President Vladimir Putin should be investigated and many US agencies "would be concerned" if true, the head of NASA said on Friday, following a Wall Street Journal report that Musk has been in regular contact with Russian President Vladimir Putin since 2022.