#PowellRemarks #Binance #Square

#PowellRemarks Jerome Powell, the chairman of the U.S. Federal Reserve, is pursuing a cautious monetary policy to combat inflation without hindering economic growth. Powell emphasizes the need to see a sustainable decline in inflation before any easing of monetary policy, noting that "the inflation journey is not over yet."

The U.S. Federal Reserve is closely monitoring the balance between a strong labor market and a measured slowdown in economic growth. Powell believes that "trust is key," stressing the importance of accurate data for decision-making.

Markets are anticipating a delay in interest rate cuts until 2025, leading to mixed reactions among traders. The U.S. Federal Reserve continues to closely monitor the economic situation as it seeks to achieve price stability while maintaining economic growth.