Fed Vice Chairman anticipates sustained inflation

The Vice Chairman of the Federal Reserve, Jeffrey Sprecher, expected inflation to remain high in the near term, with no current need to raise interest rates again. He emphasized that any future adjustments to monetary policy would depend on data analysis and evolving forecasts, with more information available to help determine the appropriate stance. The Federal Reserve is expected to keep interest rates steady at its upcoming October meeting, given expectations that inflation will temporarily rise due to geopolitical factors and energy markets, while balancing the risks between rising inflation and economic growth.

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