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FED PREPARED TO ‘SHIFT’ AS NEEDED

Federal Reserve Chairman Jerome Powell Friday aimed to calm worried investors, saying the U.S. economy is strong, but the Fed is willing to adjust monetary policy quickly if global growth slows due to ongoing trade tensions. “I think the markets are pricing in downside risks, is what they’re doing,” Powell said. “They’re well ahead of the data. We’re listening carefully to that. We’re listening sensitively to the messages markets are sending.” (New York Times)

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