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Powell’s bullish outlook on US economy rattles markets
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Powell’s bullish outlook on US economy rattles markets

WASHINGTON (AP) — New Federal Reserve Chairman Jerome Powell delivered a message Tuesday that wasn't quite what Wall Street had expected: The U.S. economy is doing well, maybe even better than he thought late last year. Powell emphasized in his first Congressional testimony that the central bank plans to raise rates gradually. Nonetheless, his growing…

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Wall Street flat with Powell’s testimony in focus

(Reuters) - U.S. stocks were little changed on Tuesday, with losses in media stocks weighing on major indexes, while investors braced for Federal Reserve Chairman Jerome Powell’s first congressional testimony. Powell hinted in prepared remarks that the central bank would stick to its current path of gradual rate hikes despite the added stimulus of tax…