BlockBeats News, August 25, Pimco Global Economic Advisor and former Vice Chairman of the Federal Reserve Richard Clarida stated in a report that the Federal Reserve seems likely to lower the policy interest rate in the near future, but will adopt a cautious approach.
Powell's highly anticipated speech at the Jackson Hole annual symposium last week did not disappoint the market, and the Federal Reserve's introduction of a revised monetary policy framework did not surprise Fed watchers. In the long term, the Fed reiterated its commitment to its dual mandate while only making minor clarifications to its monetary policy framework. (Golden Ten)