Fed Chair Jerome Powell strikes a new optimistic tone and as he points to falling inflation and says that he thinks we can avoid a recession

Fed Chair Jerome Powell strikes a new optimistic tone and as he points to falling inflation and says that he thinks we can avoid a recession

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The stock market soared on Wednesday after Federal Reserve Chairman Jerome Powell said that inflation is coming down and he believes the U.S. will avoid a recession this year. “We can now say I think for the first time that the disinflationary process has started,” he told reporters, adding that…

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