Fed’s Paese emphasizes prudence, awaits data before additional tightening

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<p>St. Louis Fed President Kathleen O’Neill Paese emphasized the current effectiveness of monetary policy in exerting “modest downward pressure on inflation.” “We can afford to await further data before concluding that additional policy tightening is appropriate,” Paese stated. Despite this cautious approach, she warned against complacency, asserting that prompt action must be taken if the […]</p>
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