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Fed Chair Powell Addresses Rate Hikes and Inflation
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Cautious Fed Approach to Rates
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Fed Chair Jerome Powell believes the risks of raising interest rates too high and slowing the economy have become more balanced with the risks of not doing enough to control inflation. The Fed plans to exercise caution in its upcoming monetary policy decisions, aiming for a 2.5% inflation rate over the six months ending in October, near its target.
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How might the Fed's approach to rate hikes impact the overall economy?
What are the potential consequences of not reaching the target inflation rate?
What factors might influence the Fed's decision on monetary policy?
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