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2025-07-31 03:32:36
Nick Timiraos, the "Federal Reserve mouthpiece," said Fed Chairman Powell took a "tough defensive stance" on whether to cut interest rates in September. When asked with a leading question, "What circumstances would trigger a September rate cut," he said he would not give a specific answer, saying that it was necessary to observe the evolution of the data and that there were multiple possibilities. He also said that decisions would be made based on comprehensive data analysis and risk balance assessment, just as Potomac Research often said, "If we are hungry, we will eat."
