Federal Reserve Chair Jerome Powell cautioned that past interest-rate increases had yet to fully slow the economy, an argument for holding rates steady for now.
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https://www.wsj.com/economy/central-banking/powell-says-fed-will-proceed-carefully-on-any-further-rate-rises-31b6fc6aFed chair notes economy hasn’t cooled as expected and says signs of more strength could warrant additional actionWatch live coverage of remarks from Federal Reserve Chair Jerome Powell at the Kansas City Fed’s Jackson Hole Economic Policy Symposium.
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