Fed's Balkin: 25 bps rate cut doesn't matter either way, question is when to change the narrative
Fed's Balkin said he was sure the Fed would discuss at its July policy meeting whether it was still appropriate to characterize inflation as high, and that a 25-basis-point cut in interest rates was irrelevant in any case; the question was when to change the narrative. The best way to maintain credibility is to do the right thing at the right time.
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
Santiment: Net Outflow of Bitcoin from CEX Reached 403,200 in the Past Year
Data: Crypto market fluctuates downward, with only RWA and Meme sectors remaining relatively resilient

Data: Transaction volume of small bitcoin holders drops to a historic low
Data: A certain wallet purchased 2,226 Ethereum within 3 hours, worth $6.95 million.