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Author Topic: The Fed's vice president pointed out that last year's rate cut is appropriate.  (Read 914 times)

tom

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The Fed's vice president pointed out that last year's rate cut is appropriate.

Richard Calida, Vice President of the Federal Reserve (Fed) said today that The Fed cut interest rates 3 times last year. Considered as a timely action And the monetary policy is appropriate for this new year

    "I believe that monetary policy is appropriate. And will continue to support continued expansion Including supporting a strong labor market And keeping inflation at near the 2% level, which is the Fed's target, "said Clarida.

    "As long as the information about the economy that comes in is consistent with that view The current monetary policy tends to remain appropriate, "he said.

Mr Calida adds that Although the unemployment rate is at the lowest level in 50 years, it does not create inflationary pressure.

Mr Calrida emphasized that The Fed does not set policies in advance. And the Fed officials are ready to adjust policy If there are some factors that cause the Fed to have to re-evaluate the economic trends.



 

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