Jerome Powell Testifies Before Senate Banking Committee
Senator Sherrod Brown, a Democrat from Ohio and chairman of the Senate Banking, Housing, and Urban Affairs Committee, during a hearing in Washington, DC, US, on Thursday, March 7, 2024. Brisk inflation and hiring data in January haven't altered the Federal Reserve's expectation that it will be appropriate to cut interest rates later this year, but Chair Jerome Powell said officials want more evidence that inflation is slowing. Photographer: Al Drago/Bloomberg via Getty Images

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