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Trump allies reportedly drafting plans to erode Fed's independence if former president re-elected

A small group of the former president’s allies has produced a nearly 10-page document outlining a policy vision for the U.S. central bank, the Wall Street Journal reported

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Federal Reserve: When will Fed cut rates? As US economy flexes its muscles, maybe later or not at all

But now, with the U.S. economy showing surprising vigor, a different question has arisen: Will the central bank really cut rates three times this year, as the Fed itself has predicted - or even cut at all? The Fed typically cuts only when the economy appears to be weakening and needs help.

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US close: Stocks mixed as investors weigh data, Powell comments

US stocks finished mixed on Wednesday and were rangebound for most of the session as investors continued to pour over economic data and assess its impact on monetary policy.

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Jay Powell says Federal Reserve's inflation fight is 'not done'

Jay Powell said the Federal Reserve’s job of bringing down inflation was “not yet done” and the US central bank needed “greater confidence” that price...

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Fed Chair Powell Provides Rocket Fuel For Markets

Stocks rose as the Fed is likely to be more sensitive to economic softness than inflation. Odds of recession have fallen as the hurdle for Fed rate cuts is now lower.

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"Higher For Longer" Rates Have Risks - Especially For Banks

As expected, at its recently concluded March meeting, the Fed stood pat on interest rates. Of greater interest, the "dot-plot", skewed much more to the hawkish side.

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LA Man Pleads Not Guilty To Shooting Deaths Of Three Unhoused People And A County Employee

Jerrid Joseph Powell appeared in court Monday after his arraignment was postponed several times since December.

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Photofest: State Wrestling-Semifinals

A shot at the State Championship match was on the line.

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Former site of Milwaukee Roundhouse in Deer Lodge undergoes remediation

For most of the 20th century, Deer Lodge was home to the Milwaukee Roundhouse facility, where train engines were repaired and jobs were provided.

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Fed officials more worried about cutting rates too fast than moving too slow, minutes show

Federal Reserve officials expressed concern that progress on inflation might stall, minutes from the central bank’s January meeting show.

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