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Fed Chair Powell: Right now, we’re in watch and wait mode

https://www.fxstreet.com/news/fed-chair-powell-tariffs-may-be-adding-a-quarter-of-a-percentage-point-to-inflation-right-now-202506241705
Federal Reserve (Fed) Chair Jerome Powell added further comments during his testimony before the congressional budget committee on Tuesday, building out his case for holding off on rate cuts, likely until sometime in the fourth quarter…

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