Federal Reserve's Lael Brainard: Inflation Rate Has Exceeded Target and Is Trending Upward

BlockBeats News, October 2nd, Federal Reserve's Lohgan stated that job growth has significantly slowed, and attention is needed on risks to both aspects of the Fed's mandate. The inflation rate has exceeded the target and is trending upwards. The recent rate cut was to guard against a more rapid, nonlinear decline in the labor market.

"The policy is only slightly tight, which is just right. We need to maintain a high degree of caution towards rate cuts, and we must not overly relax. Otherwise, we will have to reverse the policy." (Golden Finance)