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#064: Fed Rate Cut and Leadership
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On September 18, 2024, the Federal Reserve of the United States cut interest by 50 basis points. This is a clear signal that it is time for monetary policy in the United States to be recalibrated. The dual mandates of the Fed to seek full employment and stable inflation brought about today’s long-awaited decision. An exemplary leadership moment by Jay Powell, the Chairman of the Federal Reserve.
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