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What will be more important for investors is what Fed Chair Jerome Powell will say about the central bank’s path forward after Donald Trump’s decisive win of the elections in the U.S. The new president-elect’s proposed policies such as tax cuts, tariffs and deregulation to stimulate economic growth could reignite inflationary pressures, prompting the Fed to take a more cautionary approach, potentially slowing, pausing or even reversing its rate cutting cycle.