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Federal Reserve Official: Premature to Decide on Interest Rates.. Data Will Determine the Path
Christopher Waller, a member of the Federal Reserve Board of Governors, emphasized that it is still too early to settle on the upcoming interest rate decision. Waller stressed that the path of monetary policy will remain entirely contingent on incoming economic data, particularly regarding inflation rates and labor market performance, noting that policymakers are adopting a cautious and watchful approach. [...]