#PowellRemarks

Jerome Powell, the Federal Reserve Chair, recently shared his insights on the economic outlook. Here are some key points from his remarks:

Economic Outlook

- The US economy has made significant progress toward the dual-mandate goals of maximum employment and stable prices.

- Economic growth has been robust, with a 3% growth rate last year and 2.5% so far this year, driven by strong consumer spending and business investment.

- The labor market has cooled off from its peak but remains in solid condition, with the number of job openings slightly above the number of unemployed Americans seeking work.

Inflation

- Inflation has eased substantially from its peak, and the Fed believes it's on a sustainable path to the 2% goal.

- Core measures of goods and services inflation, excluding housing, have returned to rates closer to those consistent with the Fed's goals.

- However, inflation is not yet at the 2% goal, and the Fed is committed to finishing the job.

Monetary Policy

- The Fed lowered the policy interest rate by 0.25% to reduce policy restraint, given progress toward the inflation goal and cooling labor market conditions.

- The path for future interest rate adjustments will depend on incoming data and the economic outlook.

- The Fed aims to maintain economic strength while bringing inflation down to 2%.

$BTC #VoteToDelistOnBinance #CanadaSOLETFLaunch #MetaplanetBTCPurchase