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Jerome Powell is participating Tuesday in a question-and-answer session with Dallas Fed President Robert Kaplan in a Global Perspectives in Dallas. Powell shook the markets in mid-October when he said the central bank is “a long way” from a neutral rate that would cause it to consider a pause.
The Fed last hiked its benchmark short-term rate in September and is expected to approve another quarter-point increase in December.
Fed leaves rates unchanged, notes slowing in business investment
Powell says we’re ‘a long way’ from neutral on interest rates, indicating more hikes are coming
The Fed may have to make an important adjustment to the way it’s raising rates
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