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Federal Reserve's Schmidt: Maintain restrictive interest rates to address inflationary pressures
GateNews
ChainCatcher News, according to Jinshi reports, Federal Reserve’s Smith said that interest rates should remain at a level that continues to pressure the economy in order to further cool inflation. He favors maintaining a moderately restrictive monetary policy and pointed out that rate cuts may not stimulate hiring, as the slowdown in growth is driven by structural factors. He is concerned that rate cuts could have a more lasting impact on inflation and questions the commitment to the 2% inflation target.
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