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GK and monthly revision
US Federal Reserve chair Kevin Warsh says he will stick by 2% inflation target, vows to bring in real-time economic data for making interest rate decisions
Kevin Warsh, the Chairman of the US Federal Reserve, reaffirmed his commitment to the 2% inflation target amidst pressure for rate cuts from President Trump. Warsh's stance indicates a firm approach to monetary policy, emphasizing the Fed's independence. His announcement to utilize real-time economic data for interest rate decisions signifies a shift towards more responsive monetary policy, which is crucial for understanding global economic trends and their implications for India.
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