Powell Will Define the Fed's Main Goal. Part 2

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What choice does Jerome Powell face, and what can influence it? The U.S. Consumer Price Index is rising. The growth is still moderate, but it is already almost one and a half times above the target level, while core inflation exceeds 3%. Therefore, according to all principles of economic theory, the interest rate should not be lowered. If borrowing costs decrease, credit activity will rise, investment in the economy will increase, spending will grow, demand will expand, and as a
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