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LBCI Lebanon
Fed Chair Highlights Inflation Focus
The article focused on Federal Reserve Chairman Jerome Powell's confirmation that the U.S. central bank's main priority remains controlling inflation. This came after an interest rate hike, during which he pointed out that inflation is still very high and causing concern. He emphasized that monetary policy has not yet reached the level of tightening needed to support price stability, and that determining the appropriate level of tightening remains a challenge. He explained that the financial and credit conditions are difficult to describe and that the decisions to raise interest rates aim to reduce monetary easing and make financial conditions more suitable for achieving inflation goals. Ultimately, he affirmed that efforts to control inflation will remain the Federal Reserve's focus in the coming period.
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