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Jerome Powell is competing to be the worst Fed chair in history
By stubbornly refusing to lower interest rates despite ample data urging him to do so, Fed Chairman Jerome Powell is committing his third major policy blunder in six years. If he continues this tight-money path through the July 29 Fed meeting, “Too Late” Powell will go down as the worst Fed chair in history.
The U.S. central bank would likely have begun cutting interest rates again if not for the levy plan, the Fed chief said.
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