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Instant Reaction: Jay Powell on the Fed Decision

Bloomberg Surveillance

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Navigating Economic Uncertainty

This chapter explores themes of humility and uncertainty in the U.S. economic landscape, particularly focusing on the Federal Reserve's decisions regarding interest rates amid persistent inflation. The discussion highlights recent events affecting economic predictions, debates from Fed meetings, and the implications of rate changes on employment and housing markets. Lastly, it addresses the challenges the Fed faces in interpreting economic data and the impact of monetary policy on financial conditions.

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