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Powell Warns of ‘Significant Risks,’ Hardening Rate-Cut Bets

  • Fed chair says trade uncertainty new challenge for officials
  • ‘We will act as appropriate to sustain the expansion’: Powell
Jerome Powell
Jerome PowellPhotographer: Andrew Harrer/Bloomberg
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Federal Reserve Chairman Jerome Powell said the U.S. economy is in a favorable place but faces “significant risks,” reinforcing bets for another interest-rate cut next month though the remarks failed to mollify President Donald Trump.