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Maroc Maroc - WASHINGTONTIMES.COM - Business & Economy - 09/Jul 14:03

Fed's Powell highlights slowing job market in signal that rate cuts may be nearing

The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in written testimony Tuesday, a shift in emphasis away from the Fed's single-minded fight against inflation of the past two years that suggests it is moving closer to cutting interest rates.

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