Federal Reserve Chair Jerome Powell's term ends in May 2026, but that isn't stopping Treasury Secretary Scott Bessent from moving ahead with finding his replacement.
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Fed governor says current economy is 'calling for large interest rate cuts' to help job market
Fed governor Stephen Miran calls for large interest rate cuts, warning that current policy is "holding the economy back" and pushing unemployment higher.
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Target bets on $5B store revamp plan to revive sales
Target announced a $5 billion investment to expand with larger stores and revamp existing locations despite ongoing sales challenges and market pressures.
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