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Powell: Economy in Stable Position, Inflation Rate Slightly Above Target

Summary: According to sources, Federal Reserve Chairman Powell stated that the economy is in a stable position, with the inflation rate slightly above target. The current policy stance puts us in a favorable position to respond promptly. The Fed remains focused on its dual mandate goals.

According to sources, Federal Reserve Chairman Powell stated that the economy is in a stable position, with the inflation rate slightly above target. The current policy stance puts us in a favorable position to respond promptly. The Fed remains focused on its dual mandate goals.

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