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Powell Says SEP Shows Reasonable Estimate Of Time Lags

FED
  • Q: In July you said you needed to start cutting rates before getting to 2%. How much closer do you have to get to 2% before considering cuts?
    • A: The reason you wouldn't wait to get to 2% to cut is that it would be too late; you'd want to be reducing restriction well before that so you don't overshoot. If you look at the SEP you'll see a reasonable estimate of time lags.

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