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7min chapter
Powell Tells Congress Fed Still in No Rush to Lower Rates
Bloomberg Businessweek
Fed Chair's Testimony and Economic Outlook
This chapter delves into the recent semi-annual testimony by the Fed chair on Capitol Hill, highlighting the Fed's cautious stance on interest rates amidst a strong economy. It features a unique moment of praise from a Republican senator, emphasizing bipartisan acknowledgment of the Fed's role in achieving economic stability. The discussion also covers the Fed chair's careful navigation of political questions, the unpredictability of economic indicators, and market expectations regarding future rate changes.
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