Federal Reserve official Paulson said on Aug. 4 that he cannot offer guidance on interest rates at this stage and is keeping an open stance on policy. He said the Fed may need to readjust policy if inflation fails to show progress. Paulson also described the current moment for monetary policy as complex. The remarks point to a wait-and-see position rather than a fixed rate path, with inflation still serving as the key condition in future policy decisions. No specific rate outlook was provided in his comments.
Federal Reserve official Paulson said on Aug. 4 that he is unable to provide interest-rate guidance at this point and is keeping an open stance.
He said policy may need to be readjusted if inflation does not show progress. Paulson added that monetary policy is facing a complex moment.
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