[List of Top 5 Highlights of Federal Reserve Chairperson Powell's Speech Today] 1. Interest Rate Guidance: Powell refused to give any guidance on the timing of interest rate changes, saying policymakers will meet one by one. "Fed Messenger" Nick Timiraos wrote that Powell's words did not change the expectation of "staying put" in August. In addition, Powell warned that the US budget is on an unsustainable path and requires bipartisan action to address the deficit. 2. Economic data: Powell said t...
Federal Reserve Chairperson Jerome Powell said today that he will not send a signal about the time of future policy action. Rising inflation is not the only risk facing the economy, followed by a slight increase in the possibility of interest rate cuts in September. Powell's testimony did not have a major impact on the price of Bitcoin (BTC). After a brief rally, BTC quickly gave up its gains. It is currently slightly above $57,000 and has risen slightly in the past 24 hours. The latest inflatio...
Mr. Powell's message today appeared to be that the Fed could cut rates "slowly" given the strength of the labour market. He did not elaborate on the timing of the rate cuts, given that there will be a lot of data ahead of the July and September meetings, so today's attitude is not surprising.