Fed Chair Powell: Elevated inflation is not the only risk we face ...Middle East

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Reducing restraint too late or too little could unduly weaken economy and job marketMore good data would strengthen our confidence on inflationRate cut not appropriate until Fed gains greater confidence inflation headed sustainably toward 2%Q1 data didn't support greater confidenceWe continue to make decisions meeting by meetingRecent monthly readings on inflation show 'modest further progress'Labor market conditions have 'cooled while remaining strong' and 'not overheated'US economy expanding at a 'solid pace'Full textThe Fed will get there more inflation reports before the Sept FOMC decision, including one later this week. This speech doesn't offer much of a hint on when the Fed will cut r

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Last updated : 09 July 2024 clock 05:09 PM

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Fed Chair Powell: Elevated inflation is not the only risk we face ...Middle East

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