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Differing Opinions on Federal Reserve Rate Cuts Ahead of US Presidential Election /
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2024-07-10 22:04:15

Differing Opinions on Federal Reserve Rate Cuts Ahead of US Presidential Election on Nostr: Federal Reserve Chair Powell Stresses Importance of Job Market Amid Cooling Economic ...

Federal Reserve Chair Powell Stresses Importance of Job Market Amid Cooling Economic Growth
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#504cefd6 ver:1.62

Federal Reserve Chair Jerome Powell stresses the importance of the job market amid cooling economic growth. He emphasizes the Fed's employment mandate and the potential negative impact of cutting rates too late or too little. Powell also addresses concerns about political influence on rate decisions and highlights the Fed's focus on achieving price stability and full employment. The next Fed meeting in July could pave the way for a rate cut in September. Positive economic data would strengthen the case for lower interest rates. #FederalReserve #JobMarket #EconomicGrowth...

#newstr #FederalReserve #JeromePowell #JobMarket #Inflation #InterestRates

https://here.news/story/504cefd6?ver=1.62
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