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Powell Pledges To “Act As Appropriate” But Continues To Draw Trump’s Ire

Federal Reserve Chairman Jerome Powell delivered his highly anticipated speech at the Jackson Hole Economic Policy Symposium on Friday, reiterating the Fed will “act as appropriate” to sustain the U.S. economic expansion. However, President Donald Trump was unimpressed by the Fed Chairman’s remarks, going so far as to question if Powell is a “bigger enemy” than Chinese President Xi Jinping.
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