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Institution: Powell's continued ambiguous stance today is appropriate.
Jin10 data, July 30 - Peter Boockvar, Chief Investment Officer of One Point BFG Wealth Partners, stated that the task facing Fed Chairman Powell is not easy, as there are some cracks appearing in the labor market, and prices remain well above his sustainable target of 2%, while the financial environment is exceptionally loose. With quite some time until the September meeting, Powell’s continued ambiguous stance is beneficial for him.