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Instant Reaction: Jay Powell on Fed Policy

Bloomberg Daybreak: US Edition

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Federal Reserve Balance: Growth vs. Inflation

The chapter explores the Federal Reserve's cautious approach to managing inflation and economic growth, discussing adjustments in GDP and PCE projections. It emphasizes the importance of productivity in driving growth with minimal inflation and the impact of labor force growth on the economy. The speakers reflect on Chairman Powell's recent news conference, analyzing the Fed's stance on growth, inflation, financial conditions, and potential rate cuts.

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