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Yesterday, Federal Reserve Chair Jerome Powell called into question whether the Fed will be able to lower interest rates this year as hoped. WSJ’s Nick Timiraos on how the Fed’s outlook on the economy has changed. Further Reading: - Powell Dials Back Expectations on Rate Cuts - Fed Rate Cuts Are Now a Matter of If, Not Just When Further Listening: - Janet Yellen on Inflation and the U.S. Economy - Inflation Is Down. Unemployment Is Low. Is This a Soft Landing? Learn more about your ad choices. Visit megaphone.fm/adchoices