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Mr. Musalem said the Fed was facing strains on its target; inflation remained high and there were signs of underlying weakness in the labour market. Only 10 per cent of the inflation seen was caused by tariffs. Caution should be exercised, with limited room for further easing before policy becomes too loose. Open to potential further rate cuts.
The Federal Reserve's Musalem said that monetary policy is between moderate tightening and neutral; it is open to future rate cuts, but believes it needs to be cautious; policy has limited leeway before it becomes too loose; and inflation is expected to be above target in 2-3 quarters.
Pezehizyan said Israel was not behind the plan to assassinate him, and that Iran was open to renewed diplomacy with the United States over its nuclear program. Click to view...
