COINOTAG News reported on September 19 that Federal Reserve Chairman Jerome Powell addressed the current economic climate. His speech highlighted that the upside risk of inflation has lessened, but concerns about the downside risk in the labor market have escalated. The Federal Reserve has not committed to a predetermined interest rate trajectory, opting instead to base decisions on forthcoming economic data. Should the economy continue to show strength paired with persistent inflation, policy adjustments may proceed at a measured pace. Conversely, if the labor market shows signs of weakening, the Fed stands ready to implement responsive initiatives accordingly. These comments provide crucial insight into the Fed’s current monetary strategy and its flexible approach to economic perturbations.
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