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Federal Reserve Barkin: 25 basis points rate cut is irrelevant anyway, the question is when to change the narrative

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2024-07-17 15:12:31
Barkin said he was confident the Fed would discuss at its July policy meeting whether it was still appropriate to describe inflation as high, and that a 25 basis point cut in interest rates would not matter in any case; the question was when to change the narrative. The best way to maintain credibility is to do the right thing at the right time.
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