Fed Chairman Jerome Powell Speaks! Here are the Details…

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Today was the highly anticipated Federal Reserve’s interest rate decision and Chairman Jerome Powell’s speech. The Fed left interest rates unchanged, in line with expectations. However, gold and Bitcoin market players are looking for clues for the future in Chairman Powell’s speech.

Fed Chairman Jerome Powell speaks

cryptokoin.comAs you’ve seen from , the Federal Reserve didn’t surprise the markets. In line with expectations, interest rates were kept constant within the range of 5.25%-5.5%. However, the messages Chairman Jerome Powell will give in his speech will provide clues about the Fed’s future steps. Here are the important headlines in Powell’s speech…

  • We continue to focus on dual mandates.
  • The stance of the policy is restrictive.
  • The full effects of the tightening have not yet been felt.
  • We act carefully in the current situation and in this uncertain environment.
  • We will make decisions based on the integrity of the data and the balance of risks.
  • The economy grew well above expectations.
  • The labor market remains tight.
  • Labor supply and demand conditions continue to come into better balance.
  • Employment growth is at a strong pace but less than earlier in the year.
  • High inflation is painful for people.
  • The best thing we can do for the United States is to fully restore price stability with as little harm as we can.
  • We are very pleased to have made significant progress without an increase in unemployment.
  • My colleagues and I still believe that we may need to see slower growth and a softening in labor market conditions.
  • Gains on the supply side have really helped, but they will run their course.
  • It is still very difficult to tell the length of policy delays.
  • We have to make policy under great uncertainty.
  • That’s one reason why we’re slowing down the process this year.
  • Slowing down gives us a better idea of ​​how much more we need to do if we need to do more.

Details coming…

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