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Jerome Powell: The Time Has Come For Policy To Adjust

Fed Chairman Jerome Powell said that the time has come for policy to adjust the direction of travel it is clear that the timing and pace of rate cuts will depend on incoming data the evolving outlook and the balance of risks.

Jerome Powell began addressing the current economic system and the path ahead for monetary policy including the indication that we are close to rate cuts. Also discussed economic events since the pandemic arrived exploring why inflation rose to levels not seen in a generation and why it has fallen so much while unemployment has remained low.

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