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" ... Amid the positive outlook presented by the Fed chair, but also given muted inflation pressures and those crosscurrents, Powell stated: “The Federal Open Market Committee (FOMC) will be patient as we determine what future adjustments to the target range for the federal funds rate may be appropriate to support our dual-mandate objectives. This common-sense risk-management approach has served the Committee well in the past.” ... "
" ... The second: a rapidly rising debt load and zero fresh-thinking about how to halt this trajectory as the global trade war intensifies. Tokyo’s debt-to-gross domestic product ratio has long since topped 250%. Talk about grim crosscurrents: Japan’s future of fewer and fewer workers servicing an ever-growing debt load collided with a present facing headwinds from Donald Trump’s tariffs. ... "