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Podcast: NTD News Today
Episode: Fed’s Powell Signals Possible Rate Cut; Texas Senate to Vote on Redistricting Bill
Description: Federal Reserve Chair Jerome Powell, in his final keynote address at the Jackson Hole Economic Symposium, said current conditions “may warrant” interest rate cuts. “With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance,” Powell said in prepared remarks.The Texas Senate is expected to vote on a bill on Friday to redraw Texas’s congressional maps to increase Republicans’ hold on the state’s U.S. House delegation by as many as five seats. The bill is expected to pass through the Republican-dominated upper chamber, at which point it...