Fed's Balkin: Underlying Outlook for 2025 Positive, Growth Faces More Upside Than Downside Risks
Fed's Balkin said the underlying outlook for 2025 is positive, with more upside than downside risks to growth. Inflation is still not back to the target level, still need more efforts; there are some potential upside risks to inflation. 2025 story will focus less on monetary policy, more attention to economic fundamentals, and perhaps geopolitics.
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