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Benzinga
Benzinga
Business
Piero Cingari

The Fed Is Caught In A Tug-Of-War—And Powell Just Admitted It

Jerome Powell US Federal Reserve United States Inflation
Fed Needs Rate Cut, Inflation Target Rethink

Federal Reserve Chair Jerome Powell reaffirmed Tuesday that the central bank will act if labor market conditions continue to soften.

This leaves the door open for further interest rate cuts before the end of the year but without any pre-commitment.

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