Powell: Before confidence in sustained inflation towards 2% strengthens, a policy of interest rate cuts is not appropriate

Bitget2024/07/09 14:12

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Federal Reserve Chairman Powell recently stated, "Recent inflation data shows moderate progress towards the 2% target. A rate cut policy is not appropriate until the Federal Reserve's confidence in inflation consistently moving towards 2% strengthens."

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Powell: Before confidence in sustained inflation towards 2% strengthens, a policy of interest rate cuts is not appropriate

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