#FED #Powell #rate
Fed Chair Powell indicated the possibility of a rate cut if inflation turns out to be less severe than expected.
Powell noted that a softening labor market also implies a quicker rate reduction. At the same time, he emphasized that there is no recession observed in the U.S.
Powell reported that most Fed officials consider a rate cut appropriate later this year.
Powell also stated that banks can freely provide services to crypto companies as long as security is ensured.
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