PANews reported on December 4 that according to Jinshi, the Fed's Musallem said that the time to slow down or pause interest rate cuts may be coming. Additional policy easing may be needed over time. It is important to keep monetary policy options open amid uncertainty. Inflation is expected to trend toward 2% over the next two years. Recent data show an increased risk of stagnant inflation. The risk of easing too much, too fast is greater than easing too little. The Fed's policy rate is currently well above the neutral level.
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