‘We do not need to be in a hurry’: Powell reiterates cautious Fed rate stance with US lawmakers

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1. It seems like Fed Chairman Jerome Powell is emphasizing a measured approach to interest rate changes, which could be a wise strategy given the current economic climate. By advocating for caution, he highlights the importance of balancing inflation control with economic growth and employment stability. It will be interesting to see how the Fed navigates potential economic challenges ahead while responding to lawmakers and the broader financial market. What do you think the implications of this cautious stance might be for consumers and businesses?

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