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Federal Reserve Chair Jerome Powell speaking from behind a lectern.

Powell: Fed’s Now in No Hurry to Cut Rates

by The Associated Press | Nov 15, 2024

Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next.

Powell: Fed’s Now in No Hurry to Cut Rates

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