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Fed Chair Powell's Cautious Approach to Interest Rates
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Overview
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Fed Chair Jerome Powell believes the risks of moving too far with interest rate hikes have become more balanced with those of not controlling inflation. He emphasizes the Fed's intent to be cautious in its upcoming monetary policy decisions, with inflation averaging 2.5% over the six months ending in October, near the target of 2%
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How might the Fed's cautious approach impact the economy?
What are the potential implications of inflation averaging near the target of 2%?
What factors contribute to the balance of risks in interest rate decisions?
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