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What Will it Take to Test the Fed’s Patience?

May.24 -- Patience is a virtue. The minutes confirmed Jerome Powell’s assertion that Fed officials mostly see the recent downdraft in inflation as "transitory". The Fed reinforced the notion that there’s not much appetite around the table right now for a rate cut, despite emerging signs of weakness in the U.S. economy. Bloomberg's Jonathan Ferro sits down with PGIM’s Michael Collins, Kathy Jones of Charles Schwab and RBC Capital’s Craig Bishop to debate what it will take to actually test the Fed’s patience.
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