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Powell: Fed's Latest Forecasts Seem Like Wild Guesses
Svmuu News Federal Reserve Chairman Jerome Powell stated that, given the uncertainties arising from the Iran war, the Fed's latest round of forecasts seems a bit like wild guesses. Powell said: "Regarding this Summary of Economic Projections, many have mentioned that if we were to skip one, this would be the best candidate, because given all the uncertainties brought by the war, we simply cannot predict what will happen in the future." (Jin10)
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