Powell: If the time is right, monetary policy will be further tightened
Federal Reserve Chairman Powell attended an IMF expert group meeting and gave a speech. Powell stated that the Federal Reserve will continue to act cautiously. If appropriate, the Federal Reserve will not hesitate to further tighten monetary policy. Powell expects GDP growth to slow down in the coming quarters, but it is still "to be observed." While he is satisfied with the progress of inflation, he also pointed out that "there is still a long way to go." Powell also stated that future progress in inflation may have to come from a tightening of monetary policy, not just an improvement in supply-side factors.
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
Traders still riding on ‘hot altcoins’ despite Bitcoin pullback: Santiment
Pump.fun suspends livestream feature amid backlash
pump.fun’s anonymous founder said they would work to protect users from seeing “repulsive/dangerous content”
Spot bitcoin ETFs end positive streak with $438 million outflows; BTC dips to $94,500
U.S. spot bitcoin ETFs reported a total daily outflow of $438 million on Monday.Monday’s net outflow ended a five-day streak of net inflows that brought $3.4 billion into the spot bitcoin ETFs.Meanwhile, bitcoin has retraced some of its gains over the past few days, now trading at around $94,500.
MicroStrategy Buys Additional 55,500 Bitcoins for $5.4 Billion
Trending news
MoreCrypto prices
More
