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Fed Chair Powell indicates further rate cuts, but insists the Fed is 'not on any preset course'
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Federal Reserve Chair Jerome Powell said Monday that the recent half percentage point interest rate cut shouldn’t be interpreted as a sign that future moves will be as aggressive.
Instead, the central bank chief asserted during a speech in Nashville, he and his colleagues will seek to balance bringing down inflation with supporting the labor market and let the data guide future moves.
Instead, the central bank chief asserted during a speech in Nashville, he and his colleagues will seek to balance bringing down inflation with supporting the labor market and let the data guide future moves.
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