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- The Federal Reserve focuses on gradually increasing rates to combat inflation despite the unpredictability of its impact on the economy.
- Chairman Powell emphasizes transparent communication to enhance public understanding of monetary policy decisions.
Deep dives
Federal Reserve's Approach to Rate Increases and Inflation
The Federal Reserve is focused on gradually increasing rates to combat inflation. During the FOMC meeting, Chairman Jay Powell highlighted the early stages of disinflation in the goods sector while acknowledging the need for further rate hikes. Powell emphasized the unpredictability of the cycle's impact on inflation and the importance of a patient approach to manage monetary policy.
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