Based on ChainThink, on November 21, Philadelphia Federal Reserve President Pauly stated that when considering long-term monetary policy, it is essential to balance inflation and labor market risks. He noted that inflation faces upward risks while employment faces downward risks, and monetary policy must carefully balance these factors. The U.S. economy is performing well. The interest rate cuts so far have been appropriate, but each cut sets a higher bar for the next.
Federal Reserve's Pauly: U.S. Economy Performing Well, Inflation Faces Upward Risks
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