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Fed Slashes Rates: Powell's Pivot to Economic Support

Fed Slashes Rates: Powell's Pivot to Economic Support

The Federal Reserve cuts interest rates by half a point, signaling a shift from inflation fighting to economic support. Chair Jerome Powell cites confidence in falling inflation and the need to maintain labor market strength as key factors behind the surprising move.

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Federal Reserve Chair Jerome Powell discusses monetary policy

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Fed Chair Jerome Powell speaks following key inflation report

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