During a discussion with Dutch Central Bank PresidentKlaas Knotin Amsterdam, Fed ChairJerome Powellreinforced his stance that U.S. monetary policy will likely maintain its current rate for a more extended period than previously anticipated, aiming to further reduce inflation towards the Fed's 2% target.
Likewise, Powell dismissed the risks of new rate hikes, echoing his remarks from the May Federal Open Market Committee (FOMC) press conference.
Responding to an audience question about the likelihood of future rate hikes, Powell suggested, based on current data, "the next move that we make would be more likely to hold...
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