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Thread: Powell says interest rates unlikely to change...

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    Default Powell says interest rates unlikely to change...

    Fed’s Powell says interest rates unlikely to change as long as growth continues

    KEY POINTS

    Fed Chairman Jerome Powell says the central bank is unlikely to move on interest rates given the “sustained” economic expansion.

    The central bank has cut its benchmark rate three times this year to a range of 1.5%-1.75%.

    “Looking ahead, my colleagues and I see a sustained expansion of economic activity, a strong labor market, and inflation near our symmetric 2 percent objective as most likely,” he tells a joint congressional committee.
    https://www.cnbc.com/2019/11/13/feds...continues.html


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    Default Re: Powell says interest rates unlikely to change...

    Quote Originally Posted by tsptalk View Post
    Fed’s Powell says interest rates unlikely to change as long as growth continues
    ..and so it continues..

    Fed is ‘super-glued’ to its seat until after the election, economists say after stellar jobs report
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