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Talesh
@talesh
Jerome Powell stated that "the time has come" for the Federal Reserve to implement interest rate cuts, marking his strongest indication yet that such cuts are on the horizon. He mentioned that the pace of monetary tightening in the coming months will depend on balancing various risks within the U.S. economy. Powell also emphasized, "We do not seek or welcome further cooling in labor market conditions."
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rnjbr
@rnjbr
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