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During a recent speech, Federal Reserve Chairman Jerome Powell stated that if the economy continues to progress as anticipated, monetary policy will gradually shift towards a more neutral position. However, Powell emphasized that there is no predetermined path for these adjustments.
According to Powell, the Federal Reserve will carefully assess both the benefits and risks associated with any policy decisions, ensuring that each choice is made in a strategic and deliberate manner. He emphasized that the Fed’s approach will be flexible and responsive to the evolving economic landscape.
It is clear that the Federal Reserve is committed to a data-driven decision-making process, with a focus on maintaining stability and promoting sustainable economic growth. Powell’s remarks serve as a reminder that the Fed will continue to prioritize its mandate of fostering maximum employment and stable prices.
