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Federal Reserve Governor Barkin sent a signal: Strong demand and high inflation mean that interest rates still need to rise; but at the same time, he warned that the pace of interest rate hikes must be cautious. In his speech, Barkin explained his views on the economy, saying that the company's profit performance was outstanding. Currently, the unemployment rate has remained in the 4.5% range and below for a record period of time, and consumer spending is still strong. However, he warned about the sustainability of consumer resilience and pointed out that businesses and households still generally complain about rising costs. For policymakers, the direction of policy is clear, but the pace of adjustments is still uncertain.
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Federal Reserve Governor Barkin sent a signal: Strong demand and high inflation mean that interest rates still need to rise; but at the same time, he warned that the pace of interest rate hikes must be cautious. In his speech, Barkin explained his views on the economy, saying that the company's profit performance was outstanding. Currently, the unemployment rate has remained in the 4.5% range and below for a record period of time, and consumer spending is still strong. However, he warned about the sustainability of consumer resilience and pointed out that businesses and households still generally complain about rising costs. For policymakers, the direction of policy is clear, but the pace of adjustments is still uncertain.
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