Federal Reserve Chair Jerome Powell Testifies Before Congress on US CPI Data, Interest Rates, Economy, and Unemployment
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Federal Reserve Chair Jerome Powell testified before Congress on US CPI data, interest rates, the economy, and unemployment. Powell cautioned against maintaining restrictive policies for too long, acknowledged inflation above the 2% goal, and highlighted low unemployment. The Fed will assess data for monetary policy decisions, with the next meeting on July 30-31. Powell's comments come as the stock market hits record highs on expectations of rate cuts. He emphasized the Fed's commitment to achieving 2% inflation and finding the right balance for growth. Powell's testimony has implications for financial markets, and upcoming economic reports will be closely monitored. #FederalReserve #MonetaryPolicy #Inflation #InterestRates...

#newstr #FederalReserve #JeromePowell #Inflation #InterestRates #UsCpiData #Economy #Unemployment #Congress #EconomicIssues 

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