Powell Navigates ‘Toxic’ Politics of Rate Cuts as Election Nears

The Wall Street Journal, Feb. 1, 2024-Nick Timiraos
For Federal Reserve Chair Jerome Powell, deciding when to cut interest rates is hard enough: Too soon, and inflation could rise again. Too late, and unemployment might shoot higher. The challenge is doubly difficult this year because he is doing it in the glare of election-year politics.
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