Federal Reserve Chairman: We need more confidence before lowering policy interest rates

Bitget2024/07/02 13:45

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Federal Reserve Chairman Powell stated that more confidence is needed before lowering policy interest rates. "The data shows we have made significant progress, and we need to see more data like what we've recently seen. If the labor market unexpectedly weakens, this would also prompt a response from the Federal Reserve."

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Federal Reserve Chairman: We need more confidence before lowering policy interest rates

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