Federal Reserve Chair Jerome Powell Stresses Independence of Central Bank During Congressional Testimony
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#a6c7f3e2 ver:0.8
Federal Reserve Chair Jerome Powell emphasizes central bank independence during congressional testimony, highlighting the need to balance economic growth and inflation. Powell's cautious approach suggests no immediate rate cuts, with the Fed closely monitoring data for future policy decisions. Investors anticipate a rate cut in September rather than July. Powell's messaging reassures markets, with the S&P 500 closing slightly higher. The Fed will prioritize the economy over political considerations. #FederalReserve #MonetaryPolicy #EconomicGrowth #Inflation...
#newstr #FederalReserve #JeromePowell #InterestRates #Inflation #UsCpiData #Economy #Unemployment #Congress #EconomicIssues #PresidentialElections #MonetaryPolicy
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