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Top Fed official warns jumbo rate cut is declaring victory over inflation too soon - New York Post
JP Morgan Chase CEO Jamie Dimon echoed Bowman’s fears, saying he wouldn’t “count my eggs” that the rate cuts will deliver the US economy a soft landing.
By: New York Post
- Sep 22 2024
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A top Federal Reserve official warned Friday that the central bank risks prematurely declaring victory over inflation with its vote for a jumbo interest rate cut.
Fed Governor Michelle Bowman was th… [+2582 chars]