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Bloomberg Daybreak Weekend: Economy, Budget, Xi

Bloomberg Daybreak: US Edition

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Will Powell's Fed Chairman Win Against a Divided Congress?

The Fed chairman has always caught between the two political parties up on Capitol Hill. Democrats are worried about interest rates being too high for too long because they're worried about unemployment going up. Republicans will counter that by saying while the economy is so strong inflation is not coming down fast enough, you need to do more. Powell will try to steer a course between the two of them protecting the Fed's independence and saying we will do what's best for the economy in our best judgment.

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