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Fed cuts rates, says election has no bearing on policy

STORY: :: After rate cut, Fed chair says he has no plans to change policy following election :: November 7, 2024 :: Washington, D.C. :: Jerome Powell, Federal Reserve Chair "In the near term, the election will have no effects on our policy decisions. As you know, many, many things affect the economy, and anyone who writes down forecasts in their job will tell you that the economy is quite