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Fed's Balkin: 25 bps rate cut doesn't matter either way, question is when to change the narrative
Bitget2024/07/17 15:55
Fed's Balkin said he was sure the Fed would discuss at its July policy meeting whether it was still appropriate to characterize inflation as high, and that a 25-basis-point cut in interest rates was irrelevant in any case; the question was when to change the narrative. The best way to maintain credibility is to do the right thing at the right time.
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