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Fed's Powell: Downside risks to employment are real now, have to weigh risks
*POWELL: DOWNSIDE RISKS TO EMPLOYMENT ARE REAL NOW, HAVE TO WEIGH RISKS
— DB News TradFi (@DBNewswire) July 31, 2024
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— PiQ (@PiQSuite) July 31, 2024POWELL:
** WE'VE SEEN SOME TENDENCY TO HAVE A NARROWING BASE OF JOB CREATION SOME MONTHS, BUT NOT IN OTHERS
** WE DO LOOK AT PRIVATE DEMAND EXTRA CAREFULLY
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— PiQ (@PiQSuite) July 31, 2024POWELL:
** STRONG MAJORITY SUPPORTED NOT MOVING RATES AT THIS MEETING
** POLICY LAGS BEGINNING TO SHOW UP IN ECONOMY OVER LAST 6 MONTHS
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— PiQ (@PiQSuite) July 31, 2024POWELL:
** I FEEL GOOD ABOUT WHERE WE ARE
** WE ARE WELL POSITIONED TO RESPOND TO ANY WEAKNESS IN ECONOMY, NOT WHAT WE ARE SEEING THOUGH
** WE HAVE A LOT OF ROOM TO RESPOND IF SAW WEAKNEESS
** WAGE GAINS ARE STILL AT A HIGH LEVEL