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Kevin Warsh remains silent on interest rates
The President of the U.S. Federal Reserve, Jerome Powell, stated during his participation in the European Central Bank Forum in Portugal that inflation levels remain high. However, he avoided hinting at the upcoming monetary policy directions of the Fed. Meanwhile, the U.S. central bank continues to keep interest rates steady, while the European Central Bank raised rates by a quarter of a percentage point. The Bank of England and the Bank of Canada maintain their interest rate levels unchanged.
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