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Powell says Fed need not hurry to cut main rate, GDP growth ‘solid’

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Monetary policy is “well positioned” to handle any rebound in price pressures or weakening in the labor market, the Federal Reserve chair said.

Published Feb. 19, 2025

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Federal Reserve Chair Jerome Powell, wearing a suit and tie, addresses senators with a microphone in front of him and people behind him.

Federal Reserve Chair Jerome Powell testifies during a Senate Banking Committee hearing in July 2024 in Washington, D.C. Bonnie Cash / Stringer via Getty Images

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