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Maroc Maroc - INNISFILTODAY.CA - A La Une - 23/Aug 14:05

Powell at Jackson Hole: 'The time has come' for the Fed to soon begin reducing interest rates

JACKSON HOLE, Wyoming (AP) — With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Friday.

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