Fed Chairman: Premature rate cuts may cause inflation progress to reverse, will meet one by one to make decisions
Federal Reserve Chairman Jerome Powell said that policy rates have clearly moved into restrictive territory. The risks to achieving the target are gradually balancing out, with full commitment to returning inflation to 2 per cent. Premature rate cuts could lead to a reversal of inflation progress, and decisions will be made on a meeting-by-meeting basis.
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
Exodus CEO predicts bitcoin will reach $200,000 in 2026
Bubblemaps: The Edel team is still selling EDEL tokens, transferring another $175,000 worth of EDEL
Polish lower house fails to secure enough votes to override president's veto on crypto asset bill
Trending news
MoreCrypto prices
More
