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(Bloomberg) Federal Reserve Chair Jerome Powell’s pivot toward interest-rate cuts is spreading holiday cheer in the White House, where the improved prospects for an economic soft landing are a boon for President Joe Biden’s bid for another term. Most Read from BloombergUS Frackers Return to Haunt OPEC’s Pricing StrategyNetanyahu, Under Pressure Over Hostage Deaths, Vows to Press On‘Underwater’ Car Loans Signal US Consumers Slammed by High RatesUS Navy Shoots Down 14-Drone Wave as Shippers Avo

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