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Jerome Powell would also chair the next Federal Open Market Committee meeting, scheduled on Jan. 27-28. (Image: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed
The US Federal Reserve is well-positioned to "wait and see" how the economy evolves, and decide on the monetary policy on a meeting-by-meeting basis, Chair Jerome Powell said on Wednesday.
Powell's statement, at a press briefing, came shortly after the Fed slashed the benchmark lending rates for a third consecutive time, lowering it to 3.5%-3.75% target range.
"The adjustments to our policy stance since September bring it within a range of plausible estimates of neutral and leave us well positioned to determine the extent and timing of additional adjustments," said Powell, whose term as the Fed chai
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