Powell says U.S. Fed has time to assess data before deciding to cut

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Fed’s Powell Ready to Support Job Market, Even If It Means Lingering InflationAs inflation surged in 2022, the Federal Reserve moved to prevent a wage-hike spiral by jacking up interest rates. Now, with unemployment edging up, the central bank is signaling a willingness to cut rates to head off a job-cutting spiral – even if that means somewhat higher inflation for a while.
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