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Fed Chair Powell Says Consumer Spending Is Solid, Inflation Has Eased
Posted
July 31, 2024
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6:12Now PlayingFederal Reserve Chair Jerome Powell says consumer spending has slowed, but remains solid. He says there's better balance in the jobs market and policymakers will maintain their restrictive stance of monetary policy. Rates will remain at their highest level since last July. Powell speaks in Washington after the latest policy decision is released.
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