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Rep. Steil: Fed Must Be 'Data-Driven, Not Political'
Representative Bryan Steil (R-WI), Chair of the House Administration Committee and member of the House Financial Services Committee, says while he hopes to see lower interest rates in the near future, the Fed must remain "data-driven, not politically-driven" in its decision making. He highlights the inflationary impact of elevated energy prices, saying supply constraints tied to tensions in the Persian Gulf and Strait of Hormuz are driving costs higher, while expressing hope a resolution with I…
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