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المشهد العربي
Fed affirms current interest rate suitable for inflation control
The President of the Federal Reserve Bank of Philadelphia, Anna Paulson, confirmed that the current interest rate levels are appropriate for bringing inflation down toward the targeted 2% goal. She explained that the current monetary policy is mildly restrictive enough to restore price stability, noting that core inflation currently ranges between 2.4% and 2.8% after excluding the effects of energy supply shocks and tariffs. She indicated that she is prepared to review interest rates in the future if core inflation does not fall within the targeted range, to ensure the ultimate goal of monetary policy is achieved.
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