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Wednesday, May 1, 2019

Powell says Fed doesn't see strong case for rate cut or hike

The Federal Reserve feels comfortable with current policy and is likely to keep interest rates steady for an extended period of time, Chairman Jerome Powell said Wednesday.

"We do think our policy stance is appropriate right now. We don't see a strong case for moving in either direction," Powell said during a news conference after the central bank's policy meeting this week.

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