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FED: Final Question on The Impact of High Shelter Prices

FED
  • Final Q: Can you still cut rates with shelter prices high, or will you wait until they start to moderate?
    • A: There isn't any one thing, like housing prices moderating, that would really decide or decide against what we're doing. We've got an overall test, which is greater confidence that inflation is moving to 2% on a sustainable basis.  Any price that contributed to ongoing inflation would matter, any price that contributed to ongoing disinflation would matter too, but I wouldn't single out housing as having a special role there.
  • * Press conference ends *
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