Fed Chair Jerome Powell Teases “Policy Recalibration” Ahead: What it Means

Quick Summary:

The US Federal Reserve Chairman Jerome Powell has reiterated the next plan for the bank following its latest 25 basis points interest rate cut.

In a widely televised speech, the Fed Chair said the United States economy is not on a preset course, implying more monitoring is necessary.

Ultimately, the goal for the apex bank is to drag inflation down to the 2% benchmark.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Godfrey Benjamin

Category: Crypto

Markets: IndiaUnited States

Topics: 24/7 Cryptocurrency News Interest rate cuts Fed chairman

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 19:59:31 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 265 words

Reading Time: 2 minutes read

Sentences: 37 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23464982

View Article Analysis

About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 12 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

Frequently Asked Questions