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
A whale deposited 5 million USDC into Hyperliquid and opened a long position on PUMP.
Alchemy Pay partners with Web3 wallet TopNod to provide global fiat-to-crypto on/off-ramp services
A newly created wallet transferred 85 million FF to an exchange, worth $17.01 million.
Trending news
MoreCrypto prices
More
