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Powell sends strong signal Fed could dial back stimulus this year. “My view is that the ‘substantial further progress’ test has been met for inflation,” Powell said on Friday. “There has also been clear progress toward maximum employment.”
-the virtual speech at the Jackson Hole gathering of central bankers on Friday,
https://www.ft.com/content/f1b08dc7-c4dd-405e-af3f-1045ecf77d40
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