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If Fed Cuts Result In Inflation, Then Chair Powell Has Nothing To Fear
Assuming the reverse whereby the Fed maintains its “wait-and-see” approach, the reverse applies. Assuming the Fed is the source of credit that economists imagine (it’s not, but let’s just assume), what it takes through so-called “tightness” will be made up for by credit providers outside the Fed, and who see an opportunity to lend profitably.
The Fed operates with what is known as instrument independence, which means that it can raise or lower interest rates or buy ...
Deadline: Trump told Congress to get the bill passed by July 4, but with a 53-seat majority in the Senate and several ...
Jerome Powell says he will not leave his post if the president tries to fire him.
3don MSN
The Federal Reserve said all major banks passed this year’s stress tests, showing they can withstand a hypothetical severe ...
Lawmakers on Capitol Hill spent two days grilling Federal Reserve Chair Jerome Powell on when the American people will know ...
Cuts to the Bureau of Labor Statistics could be clouding jobs and inflation data, complicating the Fed's data-driven rate ...
Some GOP senators criticized Powell, however, for characterizing tariffs as a potential driver of inflation. Sen. Pete ...
Pettersen held then-9-week-old Sam during a passionate speech on the House floor. She returned early from time off to speak ...
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