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Powell: Fed 'working hard' on affordability. Will a rate cut help?

Powell acknowledged consumers face “really high” costs and said the Fed is “working hard” to make their lives more affordable. Will rate cuts help?

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usatoday.comStai leggendo8 mesi fa

Powell acknowledged consumers face “really high” costs and said the Fed is “working hard” to make their lives more affordable. Will rate cuts help?

A cut is something of an “insurance policy against a shattering of the U.S. labor market,” UBS chief economist Paul Donovan noted this morning.