Fed Chair Jerome Powell noted that inflation was coming under control and suggested that the job market was unlikely to be a source of inflationary pressure.
Inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates
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“The 4-1/2 percentage point decline in inflation from its peak two years ago,” he noted, "has occurred in a context of low unemployment - a welcome and historically unusual result.”
Fed welcomes a 'soft landing' though many Americans don't feel like cheering
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