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Federal Reserve megaphone: Powell's policy pivot has been completed

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2024-08-23 14:11:33
"Federal Reserve mouthpiece" Nick Timiraos tweeted on social media that today's speech shows that Powell's policy pivot has been completed. Powell showed full dovishness in his speech. Two years ago, he also said at the same time that the Federal Reserve would accept the economic recession as the price of restoring inflation.
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