"It could be difficult to see how you'll do that in the event you think about the action We've seen a short while ago, which is not really indicative of a economic downturn inside the near expression," Powell stated.
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War, geopolitical instability, widescale labor strikes and a possible US federal government shutdown are among the "important issues" that can impact the US economy, Powell acknowledged throughout a press meeting with reporters following the Fed's policymaking meeting.
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This was the next Assembly inside of a row that the central lender has opted not to raise its benchmark lending level, enabling the overall economy to carry on to absorb the effects of higher borrowing charges.
The Federal Reserve chose not to lift its critical curiosity price on Wednesday, but its benchmark lending rate continues to be at its maximum level in 22 decades.
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