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Federal Reserve Chair Jerome Powell discussed AI, spending on data centers, and the US economy on Wednesday in the Fed's recent rate cut announcement. The Fed cut rates by 25 basis points, bringing the new target range 3.5% to 3.75%. "We are well-positioned to wait and see how the economy evolves," Powell added.
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Powell's not affected by the President openly discussing the search for his replacement.
Powell's not affected by the President openly discussing the search for his replacement. ♬ original sound - Yahoo Finance - Yahoo Finance
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