TechFlow, August 25 — According to Jinshi Data, Pimco's global economic advisor and former Federal Reserve Vice Chair Richard Clarida said in a report that the Fed appears poised to cut policy rates in the near term, though it will proceed cautiously. Powell's much-anticipated speech last week at the Jackson Hole symposium did not disappoint markets, nor did the Fed's updated monetary policy framework surprise Fed watchers. In the long run, the Fed reaffirmed its commitment to its dual mandate while making only minor clarifications to its policy framework.
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