Jerome Powell Speech: Fed Chair Discusses Future Rate Cuts & Bitcoin Reserve

Quick Summary:

For the third time this year, the United States Federal Reserve, led by Jerome Powell, has implemented its third interest rate cut.

Amid the disclosed relative health of the US economy, the Federal Reserve Chairman hinted that the risks to achieving employment and inflation goals appear balanced.

Fed Chair Powell said the Fed is confident in the economy’s expansion overall, with inflation closer to the projected 2% level.

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Article Details

Author / Journalist: Godfrey Benjamin

Category: Crypto

Markets: IndiaUnited States

Topics: 24/7 Cryptocurrency News Interest rate cut Jerome powell

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-18 @ 19:49:57 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 408 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 15 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 24540217

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