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1 Hour Ago’We don’t have a growth mandate,’ Powell saysThe Federal Reserve isn’t concerned that the economy is too strong right now, Chair Jerome Powell told CNBC’s Jeff Cox.”We’ve had inflation come down without a slow economy and without important increases in unemployment. There’s no reason why we should want to get in the way of that process if it is going to continue,” he said.”Continued declines in inflation are really the main thing we are looking at. Of course, we want the labor market to remain strong, too. We don’t have a growth mandate. We have a maximum employment mandate and a price stability mandate.”— Michelle Fox1 Hour AgoFed is looking for signs inflation is on a ‘sustainable path down’Upcoming inflation data will dictate how soon the Federal Reserve moves ahead on rate cuts, said Fed Chair Jerome Powell.Strong inflation data may suggest that cuts need to come at a slower pace, while good inflation numbers signal the need for faster cuts, he said.”We’re trying to get comfortable and gai …
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