The US Fed refuses to humour another bond market tantrum
3 years, 9 months ago

The US Fed refuses to humour another bond market tantrum

Live Mint  

The $21 trillion US Treasury market already set the narrative ahead of the Federal Reserve’s 17 March decision. Still, that wasn’t enough to move the median forecast among Fed officials on the ‘dot plot’, which still shows an expectation that the US central bank’s benchmark rate will stay near zero through 2023. Greg Jensen, co-chief investment officer of Bridgewater Associates, said this week that “the pricing-in of inflation in markets is actually the beginning of a major secular change, not an overreaction to what’s going on.” What bond traders don’t seem to quite understand is that this is exactly what the Fed wants to see. When Powell announced the central bank’s new average inflation targeting framework last August, he bemoaned how difficult it is to raise the nation’s collective expectations for future price growth after years of falling short of 2%. Fed Vice Chair Richard Clarida has suggested inflation would have to average 2% for a full year before raising interest rates, a hurdle which has almost never been met since the 2008 financial crisis.

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History of this topic

Does the Fed even know what it’s trying to do?
4 days, 22 hours ago

Does the Fed even know what it’s trying to do?

Live Mint  

We might as well confront it head-on: What the Federal Reserve did this week doesn’t make any sense. The Federal Open Market Committee on Wednesday cut the target range for the Fed funds rate by one-quarter percentage point, to 4.25% to 4.5%, its third consecutive rate reduction. Because the first, in September, was a “jumbo" half-percent cut, the central bank’s …

The US Fed seems as clueless as markets about its policy path from here on
6 days ago

The US Fed seems as clueless as markets about its policy path from here on

Live Mint  

In normal times, the conduct of monetary policy is like driving a car through a fog of uncertainty. The median forecaster on the Fed’s rate-setting panel projects that inflation progress will slow meaningfully in 2025, and that the central bank will cut rates just two more times by next December. But among the 19 Fed board members and Federal Reserve …

US Federal Reserve lowers interest rates, signals slower cuts for 2025
Trending News
6 days, 7 hours ago

US Federal Reserve lowers interest rates, signals slower cuts for 2025

India TV News  

The Federal Reserve cut its benchmark interest rate by a quarter for the third consecutive time. Future outlook: Moderate reductions expected by 2025 Another quarterly outlook indicated only two rate cuts in 2025, with officials predicting government rates to reach 3.75 per cent-4 per cent by the end of that year. Fed Governor Michelle Bowman warned that inflation would remain …

The US Fed needs a serious rethink at its next policy review
2 weeks, 6 days ago

The US Fed needs a serious rethink at its next policy review

Live Mint  

Next year, the US Federal Reserve will undertake an exercise with global implications: its periodic monetary policy framework review, at which it rethinks its approach to managing the world’s largest economy. By March 2022, interest rates were still near zero and the Fed was buying Treasuries and mortgage-backed securities to push down longer-term rates—while the US unemployment rate was 3.8% …

month peak as market awaits next Fed cue
1 month ago

month peak as market awaits next Fed cue

Live Mint  

By Brigid Riley TOKYO - The U.S. dollar stuck close to a 13-month high on Friday as investors assessed the outlook for the Federal Reserve's interest rate path and uncertainty in Europe kept the euro on the back foot, while bitcoin eyed the $100,000 level. The yen, meanwhile, held its ground against the greenback after domestic core inflation figures remained …

US Fed rate cut: First inflation uptick in 7 months does little for Powell-led FOMC’s December plans; here’s why
1 month, 1 week ago

US Fed rate cut: First inflation uptick in 7 months does little for Powell-led FOMC’s December plans; here’s why

Live Mint  

The US Federal Reserve will likely stay on course towards delivering another interest rate cut in its December policy meeting even after the latest inflation print revealed that consumer prices rose for the first time in seven months. Wall Street analysts say that October's inflation data "will change little for the US Fed'' when the Federal Open Market Committee will …

US Fed slashes interest rates by 25 basis points amid weakening labor market
Top News
1 month, 2 weeks ago

US Fed slashes interest rates by 25 basis points amid weakening labor market

China Daily  

Xinhua | Updated: 2024-11-08 09:41 US Federal Reserve Chair Jerome Powell attends a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, US, November 7, 2024. WASHINGTON -- The US Federal Reserve on Thursday slashed interest rates by 25 basis points amid cooling inflation and a weakening labor market, marking the …

US Fed slashes interest rates by 25 basis points amid weakening labor market
Top News
1 month, 2 weeks ago

US Fed slashes interest rates by 25 basis points amid weakening labor market

China Daily  

US Federal Reserve Chair Jerome Powell attends a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, US, November 7, 2024. WASHINGTON -- The US Federal Reserve on Thursday slashed interest rates by 25 basis points amid cooling inflation and a weakening labor market, marking the second rate cut in this …

US Fed slashes interest rates by 25 basis points amid weakening labor market
Top News
1 month, 2 weeks ago

US Fed slashes interest rates by 25 basis points amid weakening labor market

China Daily  

US Federal Reserve Chair Jerome Powell attends a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, US, November 7, 2024. WASHINGTON -- The US Federal Reserve on Thursday slashed interest rates by 25 basis points amid cooling inflation and a weakening labor market, marking the second rate cut in this …

US Fed slashes interest rates by 25 basis points amid weakening labor market
1 month, 2 weeks ago

US Fed slashes interest rates by 25 basis points amid weakening labor market

China Daily  

Xinhua | Updated: 2024-11-08 09:41 US Federal Reserve Chair Jerome Powell attends a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, US, November 7, 2024. WASHINGTON -- The US Federal Reserve on Thursday slashed interest rates by 25 basis points amid cooling inflation and a weakening labor market, marking the …

Fed Cuts Rates; Powell Says Wouldn’t Resign If Asked By Trump
1 month, 2 weeks ago

Fed Cuts Rates; Powell Says Wouldn’t Resign If Asked By Trump

Live Mint  

Federal Reserve Chair Jerome Powell said he would not resign from his role if asked to do so by a re-elected Donald Trump, following the Fed’s decision Thursday to lower interest rates by a quarter percentage point. When asked at a post-meeting press conference whether he would step down if requested by Trump, Powell replied forcefully, “No.” He also said …

US Federal Reserve cuts rate by 0.25% after first post-election meeting, notes easing inflation
Trending News
1 month, 2 weeks ago

US Federal Reserve cuts rate by 0.25% after first post-election meeting, notes easing inflation

Firstpost  

The interest rate in the US is now in the range of 4.5-4.75 per cent. The US Federal Reserve on Thursday cut the benchmark lending rates in the country by 0.25 per cent. Inflation has made progress toward the Committee’s 2 per cent objective but remains somewhat elevated,” the Federal Open Market Committee, which is responsible for changes to the …

What’s at stake with the Fed, now that Trump has won?
1 month, 2 weeks ago

What’s at stake with the Fed, now that Trump has won?

Live Mint  

When Federal Reserve officials decide this week on the path for interest rates, they will have a new factor to consider: the re-election of Donald Trump. Not only could Trump’s policies affect the path for inflation and growth, his return to the White House also poses questions about the Fed’s freedom to set rates without political interference. Trump appointed the …

US Fed cuts interest rates by quarter of a percentage point
Top News
1 month, 2 weeks ago

US Fed cuts interest rates by quarter of a percentage point

Al Jazeera  

The Fed will have to navigate a changing economic landscape with the election of Donald Trump as the next US president. The United States Federal Reserve has cut interest rates by a quarter of a percentage point as policymakers took note of a job market that has “generally eased” while inflation continues to move towards the central bank’s 2 percent …

The US Federal Reserve must do two things right now
1 month, 2 weeks ago

The US Federal Reserve must do two things right now

Live Mint  

As US Federal Reserve officials deliberate monetary policy, they may wish to recall what happened when policymakers in past decades became overconfident in using demand management measures to ‘fine tune’ the economy. Its obsession with data dependency has seen it over-react to noisy historical data, lacking the more strategic forward-looking approach needed when using policy tools that operate with ‘long …

Buckle up: Wall Street’s shaky July could be a preview for more sharp swings
4 months, 3 weeks ago

Buckle up: Wall Street’s shaky July could be a preview for more sharp swings

Associated Press  

NEW YORK — For more than a year, the U.S. stock market went in mostly one direction, up, and in mostly one manner, quietly. A bonanza around artificial-intelligence technology helped drive Big Tech stocks higher, while other areas of the market held up amid rising hopes for coming cuts to interest rates by the Federal Reserve. A measure of fear …

US Fed holds interest rates and pencils at just one cut this year
6 months, 1 week ago

US Fed holds interest rates and pencils at just one cut this year

Hindustan Times  

The US Federal Reserve left its key lending rate unchanged on Wednesday and penciled in just one rate cut this year, down from the three expected in March after inflation stalled in the first quarter. Kevin Dietsch/Getty Images/AFP The Fed voted unanimously to keep its benchmark interest rate between 5.25 and 5.50 percent, and said that "modest" progress had been …

Inflation eases in May, but major relief on interest rates not coming soon
6 months, 1 week ago

Inflation eases in May, but major relief on interest rates not coming soon

LA Times  

Federal Reserve Chair Jerome H. Powell and his colleagues at the central bank have kept interest rates at a more than 20-year high to fight inflation. The Federal Reserve has raised interest rates to the highest level in more than two decades to fight inflation, and on Wednesday policymakers said the fight wasn’t over. “But we don’t see ourselves as …

The Fed Thinks Time is on Its Side. That Could Get Awkward.
7 months, 3 weeks ago

The Fed Thinks Time is on Its Side. That Could Get Awkward.

Politico  

That combination of factors could stick around well into 2024, steadily pushing back the timeline for the first rate cut and prolonging the threat that the high price of debt will break something. Former President Donald Trump, who appointed Powell as chair, has already said the central bank chief will lower rates this year to “help Democrats” and will surely …

Key Takeaways From Fed Decision to Hold Rate at Two-Decade High
7 months, 3 weeks ago

Key Takeaways From Fed Decision to Hold Rate at Two-Decade High

Bloomberg  

Here are key takeaways from the Federal Reserve's interest-rate decision on Wednesday: Federal Open Market Committee votes unanimously to leave benchmark rate unchanged in target range of 5.25%-5.5%, a two-decade high, for sixth straight meeting; adds new sentence to statement noting, “In recent months, there has been a lack of further progress toward the Committee's 2% inflation objective” Statement repeats …

Powell says Fed wants to see ‘more good inflation readings’ before it can cut rates
8 months, 3 weeks ago

Powell says Fed wants to see ‘more good inflation readings’ before it can cut rates

Associated Press  

WASHINGTON — Federal Reserve Chair Jerome Powell on Friday reiterated a message he has sounded in recent weeks: While the Fed expects to cut interest rates this year, it won’t be ready to do so until it sees “more good inflation readings’’ and is more confident that annual price increases are falling toward its 2% target. Speaking at a conference …

Fed rate outlook looks just right for banks
8 months, 4 weeks ago

Fed rate outlook looks just right for banks

Live Mint  

When it comes to interest rates, banks need a Goldilocks scenario: Not too hot, not too cold. Surging interest rates gave banks plenty of headaches, to put it mildly, ranging from a rapid repricing of deposits to a plunge in the value of their longer-term fixed-rate securities. Fed policymakers last week left unchanged their median forecast implying three quarter-point rate …

US inflation unexpectedly rises to 3.2%, dampening hopes of Fed's interest rate cuts in March
9 months, 1 week ago

US inflation unexpectedly rises to 3.2%, dampening hopes of Fed's interest rate cuts in March

Hindustan Times  

US consumer prices witnessed a surge in monthly and annual rates in February, as per the inflation figures issued by the Labour Department on Tuesday. The consumer price index, a frequently followed inflation indicator, climbed 3.2 percent annually in February and 0.4 percent last month alone. Since March 2022, the Fed has progressively raised interest rates through periodic adjustments, bringing …

Fed Is ‘Not Far’ From Confidence Needed to Cut Rates, Powell Says
9 months, 2 weeks ago

Fed Is ‘Not Far’ From Confidence Needed to Cut Rates, Powell Says

Hindustan Times  

-- Federal Reserve Chair Jerome Powell suggested the central bank is getting close to the confidence it needs to start lowering interest rates. HT Image “We’re waiting to become more confident that inflation is moving sustainably at 2%,” Powell said Thursday while answering questions from the Senate Banking Committee. Powell repeated his testimony from Wednesday that it would likely be …

US Fed Reserve keeps interest rates unchanged for fourth time in a row
10 months, 3 weeks ago

US Fed Reserve keeps interest rates unchanged for fourth time in a row

Hindustan Times  

The US Federal Reserve voted Wednesday to leave interest rates unchanged for the fourth straight meeting, while indicating it was moving toward future cuts -- but probably not before May at the earliest. But it added that the rate-setting Federal Open Market Committee is unlikely to start cutting interest rates "until it has gained greater confidence that inflation is moving …

US Federal Reserve keeps key interest rate unchanged for third straight time
1 year ago

US Federal Reserve keeps key interest rate unchanged for third straight time

Hindustan Times  

U.S. interest rate futures on Wednesday increased the chances of rate cuts by the Federal Reserve starting next March, with a 77%probability after the U.S. central bank's new rate projections signaled the end of its tightening campaign. "The policy statement was relatively little changed from the last two renditions, but the subtle edits carry significant weight," Tom Simons, U.S. economist …

Fed’s Powell notes inflation is easing but downplays discussion of interest rate cuts
1 year ago

Fed’s Powell notes inflation is easing but downplays discussion of interest rate cuts

Associated Press  

WASHINGTON — Inflation is slowing steadily, but it’s too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said Friday. Nor is it time to “speculate on when policy might ease,” Powell said, referring to the possibility of cuts in the Fed’s benchmark interest rate, which affects many consumer and business …

Fed’s Waller raises possibility of a rate cut by spring if inflation keeps slowing
1 year ago

Fed’s Waller raises possibility of a rate cut by spring if inflation keeps slowing

Associated Press  

WASHINGTON — A key Federal Reserve official raised the possibility Tuesday that the Fed could decide to cut its benchmark interest rate as early as spring if inflation keeps declining steadily. Waller also said he thought the Fed’s short-term rate, which is at 5.4%, the highest in 22 years, is likely high enough to keep inflation headed down to the …

Powell reinforces Fed’s cautious approach toward further interest rate hikes
1 year, 1 month ago

Powell reinforces Fed’s cautious approach toward further interest rate hikes

Associated Press  

WASHINGTON — Federal Reserve Chair Jerome Powell suggested Thursday that the Fed is in no hurry to further raise its benchmark interest rate, given evidence that inflation pressures are continuing to ease at a gradual pace. “We are not confident,” Powell said, that the Fed’s benchmark rate is high enough to steadily reduce inflation to 2%. Last week, at a …

Status quo again: What to make of the Fed decision
1 year, 1 month ago

Status quo again: What to make of the Fed decision

Live Mint  

The US Federal Reserve has decided to hold the federal funds rate steady at 5.25-5%. The federal funds rate is the interest rate at which commercial banks in the US lend money held with the Federal Reserve system to each other on an overnight basis. In order to bring high inflation under control, the Fed had been raising the funds …

Fed chief warns still ‘long way to go’ on inflation fight
1 year, 1 month ago

Fed chief warns still ‘long way to go’ on inflation fight

The Telegraph  

The US still has a “long way to go” in the battle to get inflation back to 2pc, Federal Reserve chairman Jay Powell has warned. The central bank chief left the door open for future interest rate rises even as the Fed voted to hold borrowing costs unchanged for the second meeting in a row. The process of getting inflation …

Fed Chair Powell: Slower economic growth may be needed to conquer stubbornly high inflation
1 year, 2 months ago

Fed Chair Powell: Slower economic growth may be needed to conquer stubbornly high inflation

Associated Press  

WASHINGTON — Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed’s target level will likely require a slower-growing economy and job market. Higher long-term rates, coming on top of the Fed’s own short-term rate hikes, could help slow growth and cool inflation, thereby easing pressure on the Fed to …

Fed Chair Powell hints that soaring bond yields could mean end of rate hikes
1 year, 2 months ago

Fed Chair Powell hints that soaring bond yields could mean end of rate hikes

CNN  

Washington, DC CNN — Federal Reserve Chair Jerome Powell said Thursday that soaring bond yields could help the Fed slow the economy, further cooling inflation and the possibly signaling the end of rate hikes. The job market, economic growth and consumer spending have all held steady despite the Fed’s 11 rate hikes, and the war between Israel and Hamas could …

Fed keeps rates unchanged and signals optimism about a potential ‘soft landing’
1 year, 3 months ago

Fed keeps rates unchanged and signals optimism about a potential ‘soft landing’

Associated Press  

WASHINGTON — The Federal Reserve left its benchmark interest rate unchanged Wednesday for the second time in its past three meetings, a sign that it’s moderating its fight against inflation as price pressures have eased. The Fed’s policymakers also signaled that they expect to raise rates once more this year and envision their key rate staying higher in 2024 than …

Fed leaves rates unchanged but hints at future hike
1 year, 3 months ago

Fed leaves rates unchanged but hints at future hike

The Telegraph  

The Federal Reserve has refrained from raising interest rates further from a 22-year-high, as it nears the end of its most aggressive inflation fight in decades. The decision will keep its benchmark rate at a target range of 5.25pc to 5.50pc, but Chair Jerome Powell warned it was too early to say the battle against inflation was won. He told …

US Fed leaves interest rates unchanged, signals another hike
1 year, 3 months ago

US Fed leaves interest rates unchanged, signals another hike

Al Jazeera  

The US Fed expects interest rates to fall only half a percentage point in 2024, lower than market expectations. As they did in June, Fed policymakers at the median still see the central bank’s benchmark overnight interest rate peaking this year in the 5.5 percent to 5.75 percent range, just a quarter of a percentage point above the current range. …

Economy’s solid growth could require more Fed hikes to fight inflation, Powell says at Jackson Hole
1 year, 4 months ago

Economy’s solid growth could require more Fed hikes to fight inflation, Powell says at Jackson Hole

Associated Press  

JACKSON HOLE, Wyoming — The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said Friday in a closely watched speech that also highlighted the uncertain nature of the economic outlook. “We are prepared to raise rates further if appropriate and intend to hold policy at a restrictive level until we are …

US Federal Reserve interest rates hit 20-yr high in battle against inflation surge. Is there a 'soft' landing in future?
1 year, 4 months ago

US Federal Reserve interest rates hit 20-yr high in battle against inflation surge. Is there a 'soft' landing in future?

Hindustan Times  

The US Federal Reserve made a significant move on Wednesday, raising its benchmark lending rate by a quarter percentage point to a range between 5.25% and 5.5%. Jerome Powell, chairman of the US Federal Reserve, speaks during a news conference following a Federal Open Market Committee meeting in Washington, DC. In June, the median forecast hinted at two additional rate …

Fed Chair Powell sees progress on inflation, though not quickly enough
1 year, 6 months ago

Fed Chair Powell sees progress on inflation, though not quickly enough

Associated Press  

WASHINGTON — Inflation may be cooling — just not yet fast enough for the Federal Reserve. Chair Jerome Powell offered a nuanced view Wednesday of how the Fed intends to address its core challenge at a time when inflation is both way below its peak but still well above the central bank’s 2% target: Give it more time, and maybe …

Federal Reserve Chair Powell hints at a pause in rate hikes when central bank meets next month
1 year, 7 months ago

Federal Reserve Chair Powell hints at a pause in rate hikes when central bank meets next month

Associated Press  

WASHINGTON — Chair Jerome Powell indicated Friday that the Federal Reserve will likely forgo an increase in its benchmark interest rate when it meets in June for the first time since it began raising its key rate 14 months ago to fight high inflation. Speaking at a Fed conference in Washington, Powell said the central bank’s benchmark rate, which affects …

Fed is set to raise rates yet again. After that, then what?
1 year, 7 months ago

Fed is set to raise rates yet again. After that, then what?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Another quarter-point rate increase on Wednesday would leave the …

Fed is set to raise rates yet again. After that, then what?
1 year, 7 months ago

Fed is set to raise rates yet again. After that, then what?

Associated Press  

WASHINGTON — The Federal Reserve is on track to raise its benchmark interest rate for the 10th time on Wednesday, the latest step in its yearlong effort to curb inflation with the fastest pace of hikes in four decades. Instead, he will probably stress that further rate hikes could happen if inflation were to stay persistently high, well above the …

U.S. Fed to balance banking woes, inflation in next rate decision
1 year, 9 months ago

U.S. Fed to balance banking woes, inflation in next rate decision

Raw Story  

WASHINGTON — U.S. central bankers face an unenviable task when they gather in Washington next week: tackling persistent inflation without adding to financial sector turmoil after Silicon Valley Bank's rapid collapse. While Fed Chair Jerome Powell earlier signaled willingness to speed up interest rate hikes if needed, most analysts and traders see a small rise of 25 basis points as …

The Fed already had a tough inflation fight. Now, it must deal with banks collapsing
1 year, 9 months ago

The Fed already had a tough inflation fight. Now, it must deal with banks collapsing

NPR  

The Fed already had a tough inflation fight. Now, it must deal with banks collapsing Enlarge this image toggle caption Justin Sullivan/Getty Images Justin Sullivan/Getty Images The Federal Reserve's fight against inflation just got harder. Last week, Fed chairman Jerome Powell warned the central bank might have to raise interest rates higher and more quickly in order to bring prices …

Federal Reserve officials sound warnings about higher rates
1 year, 9 months ago

Federal Reserve officials sound warnings about higher rates

Associated Press  

WASHINGTON — A run of strong economic data and signs that inflation remains stubbornly high could lead the Federal Reserve to raise its benchmark rate higher in the coming months than it has previously forecast, several Fed officials say. “Recent data suggest that consumer spending isn’t slowing that much, that the labor market continues to run unsustainably hot and that …

Signals point to gentler Federal Reserve in 2023
1 year, 11 months ago

Signals point to gentler Federal Reserve in 2023

Associated Press  

NEW YORK — Easing inflation and a cooling job market are raising hopes on Wall Street that a gentler Federal Reserve is on the way in 2023. It will announce its next decision on interest rates Feb. 1, and investors are largely forecasting a rise of just 0.25 percentage points, down from December’s half-point hike and four 0.75 percentage-point hikes …

Fed minutes: Officials cited strong hiring to justify hikes
1 year, 11 months ago

Fed minutes: Officials cited strong hiring to justify hikes

Associated Press  

WASHINGTON — Federal Reserve officials suggested at their most recent meeting that a continuing streak of robust hiring could keep inflation elevated and was a key reason why they expected to raise interest rates this year more than they had previously forecast. In the minutes of their mid-December meeting released Wednesday, the officials also underscored that a slowdown in their …

Fed policymakers see higher U.S. interest rates for longer
2 years ago

Fed policymakers see higher U.S. interest rates for longer

The Hindu  

Federal Reserve policymakers expect to raise U.S. interest rates further, and keep them high for longer, than they had earlier anticipated, signaling Wednesday that squashing high inflation will likely take a bigger toll on the economy and the job market than they had hoped. U.S. central bankers see the policy rate, now in the 4.25%-4.5% range after Wednesday's 50-basis-point increase, …

Interview: "Miracle" needed for US to avert recession -- American economist
2 years ago

Interview: "Miracle" needed for US to avert recession -- American economist

China Daily  

The US Federal Reserve building is pictured in Washington, March 18, 2008. Roach, also former chair of Morgan Stanley Asia and the firm's chief economist, said the two sequential declines in US quarterly real gross domestic product in the first half of 2022 were "especially worrisome." While it seems reasonable to presume that the US may have hit its peak …

The US Fed’s chief has finally aced the art of communication
2 years, 1 month ago

The US Fed’s chief has finally aced the art of communication

Live Mint  

Federal Reserve Chair Jerome Powell managed to thread the needle. Even so, we still have some ways to go, and incoming data since our last meeting suggests that the ultimate level of interest rates will be higher than previously expected.” History is full of episodes of Fed chairs sending unintended message, but Powell’s streak of mismanaged press conferences in the …

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