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Federal Reserve Chair Wash: Inflation is far above the 2% target; no dot plot forecast provided today

BlockBeatNews
BlockBeats News. On June 18, Federal Reserve Chair Wosh stated that the goal is to properly implement monetary policy, with inflation far above the 2% target. Recent history should not become a prelude to inflation problems, and no (dot plot) forecast was provided today. Agreeing with forward guidance is not very suitable for the current situation. Appoint working groups in five areas of monetary policy. The working group contents include communication and the balance sheet, data sources, productivity and employment, as well as inflation frameworks. The communications working group may reshape the dot plot. (Jin10)
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