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Powell Stresses Caution as Inflation Persists Above Target
6/24/2025
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Story summary
- Federal Reserve Chair Jerome Powell, during his June 24, 2025 testimony, reaffirmed the Fed's dedication to curbing inflation amid uncertainties surrounding tariffs. While President Trump advocates for rate cuts, Powell insists on a cautious approach, highlighting that inflation still exceeds the 2% target, though recent trends indicate a potential easing of price pressures.
