Powell: Fed can be cautious in finding neutral rate
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2024-12-05 04:02:01 3,199
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Golden Finance reported that Powell said that the Fed will gradually move toward a more neutral interest rate over time, and that although downside risks are lower than expected, the Fed can remain cautious in finding a neutral interest rate. U.S. inflation has not yet reached its target, but is still Making progress. U.S. unemployment remains at very low levels. The September interest rate cut was a strong signal of support for the labor market.