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Should central bankers argue in public?

Jerome Powell’s tenure as chairman of the Federal Reserve has been admirably sure-footed. But on July 31st he may have stumbled when he announced that interest rates would remain at 5.25-5.5%. This was soon followed by unexpectedly weak employment data. Markets around the world then plunged as investors worried that the Fed had fallen behind the curve.

Source: Finance - economist.com

JPMorgan now sees a 35% chance of US recession this year

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