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US Federal Chairman Jerome Powell: We need more confidence about the decline in inflation before cutting interest rates.”
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The first part of Powell's speech did not provide any new information about Fed policy.
Powell stressed that bank officials are concerned about inflation and consider combating it a priority above all else.
Powell held the stick in the middle as he said that the risks of cutting interest rates too early are similar to the risks of cutting rates too late and that he will make his decisions based on the economic data that will be issued, especially labor and inflation data.
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