🚨 Breaking | Powell: The rate cut came in defense of the American labor market ..
◽ Jerome Powell, the Chairman of the Federal Reserve, stated that the decision to lower interest rates was made to defend the labor market and protect economic growth amid recent signs of slowdown.
◽ Powell explained that the central bank seeks to achieve a balance between price stability and maintaining full employment, noting that inflationary pressures have gradually eased but still require a cautious and measured monetary policy.
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