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Federal Reserve Chairperson Jerome Powell: The Federal Reserve will maintain interest rates at current levels and wait for evidence of further reductions in inflation

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2025-02-12 19:27:49
Federal Reserve Chairperson Jerome Powell said the Federal Reserve will maintain interest rates at current levels and wait for evidence of further reductions in inflation. Paying reserves to banks has not had an impact on inflation, and paying interest on reserves is the way to control policy rates.
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