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Warsh: US economy drives global growth
The head of the U.S. Federal Reserve, Kevin Warsh, emphasized that the American economy demonstrates significant strength and resilience, relying on self-supporting factors that enable it to lead global growth despite geopolitical challenges and rising global inflation. He explained that the decision to raise interest rates in September reflects the central bank's commitment to combating inflation and maintaining price stability, with no clear signals yet regarding future interest rate directions. The market is still betting on the possibility of postponing any increase until December. According to Warsh, the U.S. economy shows the capacity to withstand shocks and deliver sustainable growth, with continued monitoring of economic data before making further decisions. Experts anticipate stability in financial markets based on the current statements, awaiting clarity on the interest rate path and the impact of costs on economic sectors.
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