The Fed released its summary of economic projections at the latest FOMC meeting. What does it say about the current state of the economy and what will policymakers do next? Photo: Al Drago/Bloomberg News
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https://www.wsj.com/economy/central-banking/feds-jerome-powell-signals-extended-pause-in-interest-rate-rises-88b90863Recent economic figures show “ongoing progress” toward goals, U.S. central bank chair saysThe Fed released its summary of economic projections at the latest FOMC meeting.
“Given the uncertainties and risks, and how far we have come, the committee is proceeding carefully,” Powell said in prepared remarks for a Thursday lunchtime address in New York. “Incoming data over recent months show ongoing progress toward both” of the Fed’s goals to maintain stable inflation and strong employment.Continue reading your article with
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