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.

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Article Details

Author / Journalist: Godfrey Benjamin

Category: Crypto

Markets: IndiaUnited States

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 19:59:31 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 265 words

Reading Time: 2 minutes read

Sentences: 30 lines

Sentence Length: 9 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 23464982

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