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Summary of Fed Chair Powell:
1) Economy is solid. Fed policy is "modestly restrictive"
2) Consumption is slowing, but not in a worrisome way
3) A September rate cut is possible, but it will depend on data (esp. data showing a weaker labor market)
4) **Unemployment rate is 'the main number you have to look at now'**
5) "nice visit" w/President Trump. Powell dodges any other political Qs
#FOMC #Fed #InterestRates
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