Federal Reserve Governor Bauman: Tends to cautiously and gradually lower interest rates

Dec 06, 2024 14:51
According to Caixin News Agency, Federal Reserve Governor Bauman stated that inflation is the top priority in decision-making. Tending to cautiously and gradually lower interest rates, lowering policy rates too quickly may reignite inflation. The inflation rate is still higher than the Federal Reserve's target of 2%, and the risk of upward inflation remains prominent.
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