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Federal Reserve Announces $40B Treasury Bill Purchases Amid Rate Cut

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Federal Reserve Chair Jerome Powell announced $40 billion in Treasury bill purchases to support liquidity and crypto markets, amid a 25 basis point rate cut. The move aims to preserve ample reserves and ease financial conditions, with Powell noting inflation spikes stem from tariffs, not broad overheating. The Fed stressed this is not quantitative easing but a tool to manage CFT risks and ensure stable monetary flows.
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