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  • Powell says a strong US economy is letting the Fed be ‘cautious’ about cutting interest rates

    From cnn.com

    Federal Reserve Chair Jerome Powell said Wednesday that the US economy’s strength means the central bank can show some restraint with cutting interest rates. “The US economy is in very good shape, and there’s no reason for that not to continue,” Powell said at an event hosted by The New York Times. “The good news is that we can afford to be a little more cautious” with cutting rates, the Fed leader said. Powell’s comments come as the Fed is expected to cut interest rates later this month for the third time this year. The central bank began to lower borrowing costs in September after inflation slowed and ... (full story)

"Mr. Powell, your decisions and policies have led to the collapse of people's lives. The immense economic pressure and your disregard for the livelihoods of millions show that you care about nothing but your own interests and those of your inner circle. History will judge you as one of the greatest culprits of this economic crisis."

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