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Powell says Fed has made 'quite a bit of progress' on inflation but needs more confidence before cutting

Powell says Fed has made 'quite a bit of progress' on inflation but needs more confidence before cutting

Powell says Fed has made 'quite a bit of progress' on inflation but needs more confidence before cutting

“We’ve made quite a bit of progress and in bringing inflation back down to our target,” Powell said at a central banking forum in Sintra, Portugal.

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