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Fed Chair Powell Hints That Interest Rates May Be Cut
Published : 17-07-2024 - Duration : 00:35 - View : 10,524
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Powell indicated that the Fed won't wait until inflation is down to 2% before cutting interest rates, citing that central bank policy has "long and variable lags" on the economy. The Fed is looking for "greater confidence" that inflation will return to its 2% target, rather than waiting for it to get down to that level fully. Powell referenced rece...
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