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AI should serve everyone fairly for the common good 🌎
 This is exactly the commitment that KIP upholds: to build the necessary tools and solutions that encourages collaboration and empowers human ingenuity  🧠
#KIP #KIPProtocol 

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🗣️Fed Chairman Jerome Powell: •The time to cut interest rates is approaching. •We are not considering a 50 basis point cut right now.

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🗣️Fed Chair Jerome Powell: •The downside risks to the Fed's full employment mandate are real right now. •There was serious discussion at this meeting about lowering rates. •A strong majority at the FOMC meeting supported keeping rates unchanged. •A lot of data coming between now and September. •I feel good about where we are. •We are well positioned to respond to any weakness in the economy.

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🗣️Fed Chair Jerome Powell: •I can imagine scenarios ranging from zero rate cuts to multiple rate cuts this year, it will depend on how the economy develops. •We need more good data.

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🗣️Fed Chair Jerome Powell: •Second quarter inflation data increased our confidence. 🗣️Fed Chair Jerome Powell: •A rate cut may be on the table in September. -Reporter: Is the market expecting the Fed to cut rates in September? What do you think? And why aren't you cutting rates today instead of waiting? -Powell: We haven't made any decisions about September, but we can say that we are getting closer to our goal. If everything goes as expected, there may be a rate cut in September. That's not possible today.

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🗣️Fed Chair Jerome Powell: •The labor market has reached a better balance. •Recent data show the economy continues to grow at a crazy pace. •We are committed to reducing inflation to our 2% target. •We continue to want to remain in restrictive monetary policy. •Labor markets are slowly returning to pre-pandemic levels. •Our long-term inflation expectations appear well managed.

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