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Instant view - Powell: Fed stands ready to act 'as appropriate' to sustain expansion

Reuters Wednesday, 10 July 2019 ()
Concerns about trade policy and a weak global economy "continue to weigh on the U.S. economic outlook" and the Federal Reserve stands ready to "act as appropriate" to sustain a decade-long expansion, Fed Chairman Jerome Powell said on Wednesday in remarks that could bolster expectations of an interest rate cut later this month.
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