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Back Fundamental analysis
The Great Confrontation. Part 2
It should be understood that Jerome
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It should be understood that Jerome Powell refuses to lower the interest rate for a reason. First, he does not have the authority to do so alone. During FOMC votes, he has exactly the same vote as other governors. In other words, if the FOMC does not deem easing necessary, Powell's vote and words will mean nothing. Powell can vote for a rate cut at every meeting, but the other 11 Committee members can vote against it. That is the
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Chin Zhao,
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