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Fed’s Powell: Soft landing unlikely to be celebrated

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Federal Reserve Chair Jerome Powell delivered a sobering message to lawmakers on the U.S. House Financial Services Committee, indicating that any declaration of a “soft landing” for the economy would not come from the Fed.

During testimony before the committee, Powell navigated questions about the upcoming presidential election and steered clear of declaring victory over achieving the sought-after soft landing – characterised by low inflation and low unemployment.

Representative Al Green, a Texas Democrat, queried Powell about the possibility of an official announcement regarding a soft landing, especially in a political climate where competing claims about the economy’s health persist.

Powell’s response underscored the Fed’s cautious stance.

“We are just going to keep our heads down and do our jobs and try to deliver what the public is expecting from us. We wouldn’t be declaring victory like that.”

This exchange shed light on Powell’s pivotal role in the upcoming presidential race, with both President Joe Biden and former President Donald Trump having appointed him as Fed chair.

The outcome of the election may hinge, in part, on Powell’s decisions regarding monetary policy.

Amidst a climate of political uncertainty, Powell aims to remain neutral and avoid entanglement in partisan disputes.

Regardless of the election outcome, Powell emphasised that the U.S. economy is on a positive trajectory, aligning with the conditions indicative of a soft landing.

Despite indicators suggesting the possibility of a soft landing, Powell refrained from celebrating prematurely.

“That’s the economy that we’re trying to achieve. We’re on a good path so far to be able to get there,” he said.

“But I don’t want to put the label on it. Other people can do that.”

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Ticker News is now live on XumoTV and Xfinity across the U.S.

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Ticker News is now available on Xumo TV and Xfinity, bringing new era of accessibility

Ticker is thrilled to announce a major milestone for Ticker News: we are now available for streaming across the United States on Comcast’s major platforms, Xumo TV and Xfinity.

The development places Ticker News in the company of industry giants like CNN, Fox News, and MSNBC, marking a significant leap forward in our mission to deliver quality news to a wider audience.

With a combined reach of 50 million active users per month, Xumo TV and Xfinity offer an opportunity for Ticker News to expand viewership.

The achievement is particularly special with Ticker’s fifth anniversary on air on August 19.

“Getting Ticker News on these platforms was no small feat,” says Ticker Founder and CEO Ahron Young.

“It took nearly two years of intense negotiations and overcoming various technical challenges. But the journey underscores the resilience and determination of our team, proving that persistence pays off. We are immensely proud of what we have accomplished together,” Ahron says.

Being available on Xumo TV and Xfinity significantly enhances our already robust distribution network.

These platforms provide Ticker with the ability to reach millions of new viewers, further solidifying our presence in the competitive news landscape.

“Our commitment to expanding our reach and improving accessibility remains stronger than ever,” says TIcker’s Global Marketing Director, Kane Ricca.

Looking Ahead

As Ticker celebrates this exciting moment, the media company remains focused on its mission to provide accurate, timely, and engaging news to our audience.

“We are grateful for the ongoing support of our hosts, staff, investors, and viewers. Every moment counts at Ticker, and together, we are building something truly special,” says Ahron.

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‘Frank and constructive’ meeting between Harris and Netanyahu

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Vice President Kamala Harris met with Israeli Prime Minister Benjamin Netanyahu to discuss the humanitarian crisis in Gaza and a cease-fire agreement.

Vice President Kamala Harris highlighted the nature of the discussion describing it as a “frank and constructive”meeting with Israeli Prime Minister Benjamin Netanyahu at the White House.

Harris expressed her concerns about the humanitarian situation in Gaza.

She stressed the need to finalise a cease-fire deal.
Harris described the past nine months in Gaza as devastating.
She urged that the tragedies in Gaza should not be ignored. #trending

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‘Left wing lunatic’: Trump tears into Kamala Harris in major rally

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Donald Trump is ramping up his attacks on Kamala Harris – his new opponent in the November election. But will it be enough to stop her?