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BlockBeats News, May 22, Federal Reserve Chair Powell stated that the current policy stance is appropriate to withstand continued shocks, and the United States may be somewhat immune to oil price shocks.
Powell believes that, so far, long-term inflation expectations appear to remain well anchored. The persistence of inflationary pressures may challenge a textbook “ignore” approach.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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