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Jerome Powell: Fed is wary of cutting rates too soon
Federal Reserve Chair Jerome Powell explained the central bank's rationale for interest rate cuts to a broader audience in an interview with CBS's 60 Minutes. He stated that Americans may have to wait beyond March for rate cuts, as more economic data is needed to confirm inflation heading down to 2%.
Federal Reserve Chair Jerome Powell explained the central bank's rationale for interest rate cuts to a broader audience in an interview with CBS's 60 Minutes. He stated that Americans may have to wait beyond March for rate cuts, as more economic data is needed to confirm inflation heading down to 2%. 
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