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Philadelphia Fed's Harker Says Policy Must Balance Inflation, Jobs Risks

Philadelphia Federal Reserve President Patrick Harker said on Nov. 21 that monetary policy must carefully balance inflation and labor market risks when considering longer-term decisions, Jin10 reports. Harker noted upside risks to inflation and downside risks to employment, emphasizing the U.S. economy is performing well. He characterized rate cuts to date as appropriate while indicating each reduction raises the threshold for subsequent moves.
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