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flag Fed Chair Powell suggests the Fed may consider rate cuts this year.

flag The U.S. Federal Reserve can be "prudent" in deciding when to cut its benchmark interest rate, with a strong economy allowing central bankers time to build confidence inflation will continu Powell reiterated many of the comments made at his press conference last week after the Fed held its benchmark interest rate steady in the current range of between 5.25% and 5.5%.e falling, Fed chair Jerome Powell told the CBS news show "60 Minutes" in an interview that aired Sunday night.

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