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Fed Chair Powell says there’s no rush to cut interest rates
The Federal Reserve is in no rush to cut interest rates, according to Fed Chair Jerome Powell’s written testimony submitted to congressional lawmakers, released Wednesday. That means more pain for Americans, who have already faced almost two years of elevated borrowing costs on everything from car loans to mortgages.
The Federal Reserve is in no rush to cut interest rates, according to Fed Chair Jerome Powell’s written testimony submitted to congressional lawmakers, released Wednesday. That means more pain for Americans, who have already faced almost two years of elevated borrowing costs on everything from car loans to mortgages. Read More Breaking News, Latest News and Videos | CNN