Fed Chair Powell Signals Confidence in Inflation Control, Hints at Rate Cuts

Quick Summary:

Federal Reserve Chair Jerome Powell expressed confidence in the central bank’s progress in reducing inflation, suggesting that rate cuts may be on the horizon.

Speaking at the Jackson Hole economic symposium, Powell emphasized the Fed’s commitment to achieving its 2% inflation target while maintaining a strong labor market.

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Article Details

Author / Journalist: Jamie Redman

Category: Crypto

Markets: Japan

Topics: Jackson Hole Interest rates Labor market Monetary Policy Inflation Rate cuts Federal Reserve Jerome powell Economics Economic outlook

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-23 @ 17:16:04 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

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

Copyright Owner: © Bitcoin News

News ID: 22231453

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Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 18 posts per day

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News Last Updated: 8 hours ago

Coverage Areas: Japan

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