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Fed interest-rate cut in July gains support. What does Powell think?
Fed insiders Waller and Bowman expect very little inflation from trade wars Is the Federal Reserve suddenly open to cutting U.S. interest rates as early as July? That's what Wall Street investors want to know when Fed Chair Jerome Powell testifies before Congress this week. Powell gave no hint of a possible July rate cut after the Fed voted unanimously last Wednesday to leave borrowing costs unchanged. Fed officials have been worried about a potential rise in inflation tied to tariffs. Yet two top officials at the central bank has since proclaimed they could support a rate cut next month if inflation remains near ... (full story)