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Cleveland Federal Reserve Chairman Hamak said on Tuesday that against the backdrop of a "cautiously optimistic" view of economic activity, there is no urgent need for the Federal Reserve to adjust its interest rate policy stance this year. Given the possible outlook, "we may maintain the interest rate target range unchanged for quite some time." She said, "I believe we are in a good position to keep the federal funds rate at its current level and observe how the situation develops." Monetary policy is most likely to be close to a position that neither suppresses nor stimulates economic activity. "Instead of trying to finely adjust interest rates, I prefer to be patient in assessing the impact of recent rate cuts and observing economic performance." Hamak pointed out that the economic outlook is still positive but also emphasized that inflation is still "too high" and that it is crucial for price pressures to fall back given the risk of inflation staying around 3% this year. Regarding recruitment, relevant information shows that the current situation is relatively stable.
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