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Fed's Lael Brainard: Strong Labor Market, Premature Rate Cuts Could Cause Deeper Economic Wounds
Summary: According to Jinshi data, Federal Reserve's Lael Brainard stated that the labor market remains strong and fiscal policy is expected to drive economic growth. She noted that if the Fed misjudges and fails to cut rates in a timely manner, further rate cuts may be necessary to boost employment back to normal levels. At the ...
According to Jinshi data, Federal Reserve's Lael Brainard stated that the labor market remains strong and fiscal policy is expected to drive economic growth. She noted that if the Fed misjudges and fails to cut rates in a timely manner, further rate cuts may be necessary to boost employment back to normal levels. At the same time, she emphasized that premature rate cuts could lead to deeper economic wounds on the long road to achieving price stability.
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Link: Fed's Lael Brainard: Strong Labor Market, Premature Rate Cuts Could Cause Deeper Economic Wounds [Copy]
