President Trump's nominee to succeed Jerome Powell as chair of the U.S. Federal Reserve "isn’t squarely hawkish or dovish – he’s signaling a hybrid stance,” one observer tells Mainebiz.
The 3,400-square-foot leased space aims to offer Town & Country FCU members and others an opportunity to see, touch and experience technology used in banking and other industries.
“Clearly, we do not need additional unpredictability,” Patrick Woodcock, president and CEO of the Maine State Chamber of Commerce, told Mainebiz hours after the federal government shut down over a budget dispute.
Citing slowing growth in the first half of the year, central bankers lowered interest rates by a quarter of percentage point and signaled the possibility of two more cuts this year.