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What’s new?
There are two comments I dragged off newswires this morning, which I have been unable to find a secondary confirmation for, so for clarity, let me point out that these are not necessarily accurate, but are worth thinking about anyway, just in case they are: First, is that the US President has suggested the Fed actually cut rates. This is a bit stronger than earlier criticism of Powell for having raised rates, and does get support from some regional Fed quarters - Neel Kashkari for one - this isn't new. Kashkari has been a perennial dove, and also a non-voter, but also Patrick Harker is apparently not wedded to a ... (full story)