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TechFlow News, March 19: Federal Reserve Chair Jerome Powell stated on Wednesday that raising interest rates is not the anticipated direction for monetary policy. Powell noted that officials had discussed the possibility that “the next step could be a rate hike,” but “the vast majority of participants do not view this as their baseline expectation.” He added, “We are not ruling out any possibility.” (Jin10)
Federal Reserve Chair Jerome Powell said on Wednesday that raising interest rates is not the anticipated path for monetary policy. Powell noted that officials had discussed the possibility that “the next move could be a rate hike,” but “a vast majority of participants did not view this as their baseline expectation.” He added, however, “We are not ruling anything out.” (Jin10)
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