🏦 Statement by Fed Chairman Jerome Powell 🇺🇸 (Financial Juice/Walter Bloomberg)
• The economy remains strong overall.
• Inflation is closer to target, but still a bit elevated.
• We don’t need to wait for inflation to reach 2% to cut interest rates.
• Unemployment remains low at 4.1%.
• We don’t need to rush to adjust interest rates.
• I’m not going to comment on what Donald Trump said.
• I haven’t had any contact with Donald Trump.
• The Fed is really waiting to see what policies are put in place.
• There is currently high uncertainty due to significant policy changes, but this should be temporary.
• Right now, we are in a very good position for policy and the economy.
• We are reviewing the details of the executive orders.
• We are working to align our policies with executive orders.
• The Fed is watching the decline in AI-driven actions with interest.
• On cryptocurrencies, we believe banks are capable of serving customers as long as they manage the risks.
• A stronger regulatory framework around cryptocurrencies would be helpful.