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Central Bank Focus

Powell JH Speech Downplays Inflation Risks, Stresses Labor Weakness

by Felix-Antoine Vezina-Poirier, Chief Strategist  

Powell’s final Jackson Hole speech signaled a dovish tilt, opening the door to a September cut. The Fed is under pressure to balance unemployment and inflation risks, with the FOMC split between “proactive” doves and “reactive” hawks. Recent data have not…

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