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Powell Says Rates Are Coming Down: How Low Will They Go?

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Fed's Rate Decision at Jackson Hole

This chapter explores the atmosphere of the Federal Reserve meeting in Jackson Hole, focusing on Jerome Powell's announcement regarding interest rate cuts amid economic pressures. It discusses the implications of shifting priorities from combating inflation to addressing rising unemployment and the potential effects on the U.S. economy and the presidential election. Additionally, the chapter emphasizes the importance of the Fed's independence and its commitment to core responsibilities, irrespective of political influences.

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