Powell: No rate cut if inflation making progress
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BlockBeats News, March 19, Federal Reserve Chairman Powell: Some people are inclined to reduce the number of rate cuts. The median of the interest rate path forecast remains unchanged, but the number of people leaning towards fewer rate cuts has significantly increased. It is predicted that progress will be made on inflation, but the pace is not as expected. If there is no progress on inflation, there will be no rate cuts. The issue of energy inflation cannot be taken lightly.
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