US Fed chair signals no rush for rate cuts despite Trump pressure
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WASHINGTON U.S. Federal Reserve Chair Jerome Powell told lawmakers on June 24 that the central bank can afford to wait for the impact of tariffs before deciding on further interest rate cuts — despite President Donald Trump's calls to slash levels. The Fed has a duty to prevent a one-time spike in prices from becoming an "ongoing inflation problem," Powell said before the House Committee on Financial Services. "For the time being, we are well positioned to wait to learn more about the likely
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