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Fed Paulson: The U.S. economy is performing well, and there are upward risks to inflation.
According to BlockBeats news, on November 21, the President of the Philadelphia Federal Reserve, Paulson, stated that when considering long-term monetary policy, attention should be paid to balancing the risks of Inflation and the labor market. There are upward risks to Inflation and downward risks to employment, so monetary policy must be cautiously balanced. The U.S. economy is performing well. The rate cuts so far have been appropriate, but each rate cut sets a higher threshold for the next one. (Jin10)