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Front-runner for New Fed Chair Kevin Hassett Predicts Fed to Cut Interest Rates by 25 Bps Next Wk
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The front-runner for the new Fed Chair and National Economic Council Director, Kevin Hassett, predicted that the Fed is likely to cut interest rates by 25 bps at next week's meeting, and believed that recent statements from Fed governors and regional presidents indicate a tendency towards rate cuts. Hassett expressed a long-term desire to see interest rates lowered further. AASTOCKS Financial News Website: www.aastocks.com |
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