Fed Chair Jerome Powell Emphasizes Strong Economy, Go-Slow Approach to Rate Cuts in Congressional Testimony
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LN24 / 9 months
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U.S. Federal Reserve Chair Jerome Powell appeared before Congress for the first time since President Biden’s inauguration, offering an optimistic view of the U.S. economy but sidestepping a range of politically charged questions. During his biannual testimony, Powell highlighted the nation’s strong economic indicators, including a 4% unemployment rate, inflation approaching the Fed’s 2% target, […]