Powell: It is not appropriate to lower interest rates before the Federal Reserve's confidence in inflation consistently moving toward 2% strengthens

2024-07-09 22:06:49

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ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell stated that inflation has clearly slowed down but remains above the 2% target. It is not appropriate to lower interest rates before the Federal Reserve's confidence in inflation continuing to move towards 2% strengthens. Recent inflation data shows "moderate" progress towards the 2% target.

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