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Fed Chairman: Premature rate cuts may cause inflation progress to reverse, will meet one by one to make decisions
2024/01/31 19:44
Federal Reserve Chairman Jerome Powell said that policy rates have clearly moved into restrictive territory. The risks to achieving the target are gradually balancing out, with full commitment to returning inflation to 2 per cent. Premature rate cuts could lead to a reversal of inflation progress, and decisions will be made on a meeting-by-meeting basis.
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