Analysts Speculate on the Possibility of Rate Hikes Similar to the Volcker Era
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#d85b6eb2 ver:0.31

Federal Reserve Chair Jerome Powell reiterated the Fed's cautious approach to cutting interest rates too soon, warning that it could be 'quite disruptive' for the American economy. Powell emphasized that the Fed's high benchmark rate is 'doing its job' in combating elevated inflation. The central bank has maintained interest rates at a 23-year high of between 5.25 and 5.50 percent as it aims to bring inflation down to its long-term target of two percent. Powell's comments highlight the Fed's commitment to carefully monitoring the economy and waiting for clearer signs of lower inflation before making any rate cuts. The Fed's cautious stance reflects its desire to avoid any potential negative impact on the economy that could result from premature rate cuts. Powell's remarks come amidst expec...

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