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Powell Assures that the Fed's Patient Approach in the Midst of Trade War Has Been Correct
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Fed low rates for the first time in 2025, how many cuts do you foresee this year?The president of the United States Federal Reserve, Jerome Powell, said on Wednesday that he believes that the entity did “well to wait to see how tariffs, inflation and the labor market evolved” and did not opt for a hasty decision on monetary policy at a time marked by uncertainty unleashed by the trade war of President Donald Trump.
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