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Powell: Fed will 'proceed cautiously' but also open door to rate hikes

On October 19, local time, Federal Reserve Chairman Jerome Powell delivered an important speech at the Economic Club of New York.。In this speech, Powell will once again model two can "traditional art" to carry forward, he said, the Fed will "cautiously" to promote further interest rate adjustment。But he also said the central bank may need to raise interest rates further if economic data continues to be hot。

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