Powell: Won't wait for 2% inflation before cutting interest rates
Federal Reserve Chairman Powell stated that the reason for not waiting for a 2% inflation rate before cutting interest rates is that it would be too late and exceed the target.
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
The Daily: JPMorgan says Tether may sell bitcoin under new US stablecoin rules, Paolo Ardoino calls analysts 'salty' and more
JPMorgan analysts estimate that only 66% to 83% of Tether’s reserves meet proposed U.S. stablecoin regulations, requiring potential restructuring.Tether CEO Paolo Ardoino dismissed the JPMorgan analysts’ concerns, saying their assessment discounts the company’s $20 billion group equity.Momentum for a Federal Reserve audit is building, driven by growing social media support for long-time central bank critic Ron Paul to spearhead the effort and even be considered for the role of Chair.
Hacker Hijacks Witkoff’s X Account to Promote Fake Trump Token
What Pioneers and Developers should do during Pi Open Network Phase?
Stablecoins Can Maintain Dollar Global Influence: Fed Governor
Waller warns stablecoins face "run risk" and inconsistent state regulations could limit adoption and scalability across the U.S. market.
Trending news
MoreCrypto prices
More
