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Fed may not have enough firepower to prevent a recession

August 16, 2019

Via: CNBC

President Donald Trump wants the Federal Reserve to help head off a feared economic slowdown, but it’s not clear the central bank has enough firepower left to do so.

Besides, some economists say, there’s really not much reason for the Fed to act any more aggressively than it already plans, considering that growth signs remain intact, though dinged a little bit, by worries over tariffs and a slowdown in some other areas outside the U.S.

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