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Fed can't cut rates until the labor market and wages cool, economist says
Concerns are being raised throughout Wall Street over the Federal Reserve keeping interest rates steady for much longer than anticipated. Some of these concerns stem from Fed Chair Jerome Powell's recent comments on Tuesday that the FOMC will need "greater confidence that inflation is moving sustainably toward 2% before it would be appropriate to ease policy." ITR Economics Economist Lauren Saudi-Baker joins Yahoo Finance to give insight into Powell's recent comments, how the Fed could act moving forward, and what it could mean for the overall market. Saudi-Baker elaborates on what will make the Fed more confident ...
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