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Powell urged reporters to focus on the “some” and “may possibly” in that phrase, although he was adamant that price cuts usually are not envisioned this year.
The tip of painful charge rises would Usually be described as a trigger for reduction, even celebration, but for one inconvenient fact: The key reason why the Fed thinks it could possibly afford to Allow up would be the worst bout of banking turmoil Considering that the good monetary disaster of 2008 — and one that critics of your US central financial institution argue it ought to have seen coming.
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