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Fed Chair Powell Cautious on Interest Rate Cuts, Wants
Published : 03-07-2024 - Duration : 00:37 - View : 183
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Fed Chair Jerome Powell expressed satisfaction with the progress in reducing inflation over the past year but said more evidence is needed before cutting interest rates. Powell said the Fed wants to see inflation "moving sustainably down toward 2%" before loosening monetary policy. Powell is wary of cutting rates too soon and risking inflation resu...
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