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On March 20, "Federal Reserve mouthpiece" Nick Timiraos wrote that the Federal Reserve maintained its base rate unchanged while assessing how a series of policy changes by the Trump administration on trade, immigration, spending and taxation could reshape the economic outlook. Consumer confidence has slumped in recent weeks amid headlines of federal spending cuts and higher tariffs. "We think now is a good time to wait for more clarity on the situation," Fed Chairperson Jerome Powell said at a n...
Nick Timiraos, the Fed's mouthpiece, wrote that the Fed kept its base rate unchanged while assessing how a series of policy changes by the Trump administration on trade, immigration, spending and taxes could reshape the economic outlook. Consumer confidence has slumped in recent weeks amid headlines of federal spending cuts and tariff increases. "We think now is a good time to wait for more clarity," Fed Chairperson Jerome Powell said at a press conference on Wednesday.
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