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White House CEA Acting Chair Yared says Fed has to balance dual mandates and be forward looking; jobs report was blowout, private jobs above expectations

Yared's comments suggest the Fed is likely to maintain a forward-looking approach as it grapples with its dual mandates of maximum employment and stable prices.

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Context

Given the strong jobs report indicating private job growth exceeded expectations, this could bolster expectations for a more hawkish stance on rate policy, influencing the dollar's performance and cross-asset sentiment ahead of the next Federal Reserve meeting.

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