Powell: After the September rate cut, the Federal Reserve is "in a favorable position"; overly tight policy could impact the labor market
BlockBeats News, on September 24, Federal Reserve Chairman Jerome Powell stated that current employment growth appears too weak to maintain a stable unemployment rate. If policy is too tight, it could unnecessarily impact the labor market. Tariff-driven price pressures may be "temporary" and will not be "immediate." After the rate cut in September, the Federal Reserve is now "in a favorable position."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Franklin Templeton submits Solana spot ETF prospectus to SEC with a fee rate of 0.19%
JustLend DAO's total value locked surpasses $6.28 billions
Naver board approves acquisition of Dunamu through share swap at a ratio of 1:2.54
Korean listed company Bitplanet increases its holdings by 28.5 bitcoins, bringing the total to 228.5 bitcoins.
Trending news
MoreCrypto prices
More
