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Powell Emphasizes Fed's Confidence in Economy, But Wants
Published : 06-02-2024 - Duration : 00:41 - View : 258
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Federal Reserve Chair Jerome Powell vowed the central bank will proceed carefully with interest rate cuts this year and likely move at a slower pace than markets expect in a "60 Minutes" interview. Powell said the Fed wants more evidence that inflation is sustainably moving down toward its 2% target before beginning rate cuts. Their confidence in t...
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