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Fed Whisperer Nick Timiraos: Powell says officials don't want to start with a 50 basis point rate cut
Odaily Star Daily News “Fed Loudspeaker” Nick Timiraos revealed that Federal Reserve Chairman Powell said on Wednesday that Fed officials do not want to start with a 50 basis point rate cut, but he said,“The more serious recession… is what we want to respond to.” US Senator Warren posted on X urging Powell to cut interest rates now. (Jinshi)