Amid an uncertain economic landscape, Federal Reserve Chair Jerome Powell’s recent remarks have amplified the debate on the sufficiency of prevailing interest rates. Even with robust gross domestic product growth, Powell’s address indicated the Fed’s stern stance, as he noted the central bank is “not confident” its restrictive policies have sufficed.
Federal Reserve Chair Admits Uncertainty Over Impact of Interest Rate Policies
Jerome Powell, in a candid exposition at an International Monetary Fund (IMF)-hosted event in Washington D.C., remarked, “We know that ongoing progress toward our 2 percent goal is not assured” and he further added that “inflation has given us a few head fakes.” Powell stated that the Fed is prepared to “tighten policy further” if necessary. His analysis highlighted the Fed’s unyielding resolve to temper inflationary pressures and get to the 2% goal.
Gold prices remained stable amid Powell’s hawkish sentiment, while crypto assets contin
We współpracy z: https://news.bitcoin.com/fed-chair-powells-hawkish-tone-rattles-markets-as-inflation-concerns-persist/
