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Powell: Market turmoil not a trigger for Fed action, dollar support ready
- Market volatility is due to a lot of uncertainty, but markets are functioning as expected.
- The U.S. Federal Reserve is prepared to provide dollar liquidity through swap lines with other central banks.
- The provision of dollars aims to ensure availability and benefit U.S. consumers.
- Fed Chair Powell made these statements during an event at the Economic Club of Chicago.
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