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Federal Reserve Chairman Jerome Powell says monetary policy stance is appropriate - Axios

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Fed chair Jerome Powell said the Fed’s monetary policy stance is appropriate, for now, though he noted in a speech [1]Monday night the central bank is not on a “preset course.”

Why it matters: It was Powell's final public remarks — and the last opportunity to recalibrate market expectations[2] — before the Fed enters its "quiet period" ahead of the next interest rate decision.

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