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Fed’s Mighty Wizard Unveils Secrets of Economic Future in Senate Chamber Showdown

Watch Fed Chair Powell testify live before Senate Banking Committee


Federal Reserve Chairman Jerome Powell testified before the Senate Banking Committee on Thursday, reaffirming his expectation for interest rate cuts in the future.

He stressed that the decision depends on incoming data, as there’s not yet enough evidence that inflation is slowing to the Fed’s target.

Powell faced questions on monetary policy and the proposed Basel III bank capital rules during this last public appearance before the next Fed meeting on March 19th and 20th.


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