Dev Kumar
@devkumar
🇺🇸 SUMMARY OF FED CHAIR POWELL'S TESTIMONY (7/9/24): 1. Q1 2024 data did not support confidence in inflation and path to rate cuts 2. Rate cuts "not appropriate" until greater confidence inflation is heading to 2% 3. Cutting rates too late could unduly weaken the economy 4. The US economy is "expanding at …
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