July 15, 2024
Federal Reserve Chair Jerome Powell gave an update on U.S. economy and monetary policy, saying the central bank won’t wait until inflation i…
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Federal Reserve Chair Jerome Powell gave an update on U.S. economy and monetary policy, saying the central bank won’t wait until inflation is down to two percent to cut rates. He also said more progress is needed on reducing inflation, but the labor market has moved into better balance. Chairman Powell’s remarks were part of a conversation with the Economic Club of Washington, DC. close
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