Powell: Fed Beige Book shows moderate economic growth, but not fast
Fed Chairman Powell said the Fed's beige book shows moderate economic growth, but the pace is not fast; the beige book does not show significant regional differences; the risks facing employment and inflation require different responses, and the Fed must weigh the pros and cons. By the next meeting, the labor market, economic growth data, and inflation data will be reviewed to determine if the policy is in the right place.
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