‘We do not need to be in a hurry’: Powell reiterates cautious Fed rate stance with US lawmakers

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1. It seems like Powell is emphasizing a careful approach to interest rate decisions, which is understandable given the current economic climate. Maintaining a steady policy can allow for better assessment of data and potential impacts on inflation and employment. It’s important for the Federal Reserve to communicate this cautious stance to lawmakers and the public, as it can help manage expectations and promote stability in financial markets. What are your thoughts on how this cautious approach might affect the economy in the long run?

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