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Fed’s Powell still sees rate cuts, but inflation progress ‘not assured’

By Inquirer - 9 months ago
WASHINGTON  — U.S. Federal Reserve Chair Jerome Powell on Wednesday assured members of Congress, who will face inflation-weary voters in a charged presidential election year, that upcoming decisions on when and how fast to cut interest rates would be based solely on economic data. “We’re in a political year,” House Financial Services Committee Chairman Patrick

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