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Reuters

Powell says no need for Fed to rush rate cuts given strong economy

Reuters
Summary
Nutrition label

82% Informative

Fed Chair Jerome Powell says the economy is not sending any signals that we need to be in a hurry to lower rates.

Powell affirmed that inflation is "on a sustainable path to 2% " that will allow the Fed to move monetary policy "over time to a more neutral setting" But the pace of rate cuts "is not preset," Powell said at a Dallas Fed event.

Powell said the current situation was actually "remarkably good".

VR Score

92

Informative language

99

Neutral language

65

Article tone

semi-formal

Language

English

Language complexity

64

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

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