Powell
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Powell asserts that the Fed will not fund US government debt and emphasizes the need to reduce inflation. He also dismisses the possibility of a rate reduction this year and expects a two-year timeline for any potential adjustments. While the job market may face some challenges, the Fed remains committed to maintaining price stability and monitoring the banking system closely. Additionally, Powell notes that the Fed has seen little progress in lowering core inflation and anticipates slower wage growth moving forward. [/s2If]
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