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
SuiGame completes major upgrade, officially rebrands as PumpGame, and launches on BNB Chain ecosystem
BOB: Community sale totals $4.2 million, with 2% of the 2,133 participants purchasing BOB tokens
89,200 SOL transferred to an exchange, worth approximately $125 million
Orderly Network launches Kronos QLS Vault