Federal Reserve Inflation Statement
The Chairman of the Federal Reserve (Fed), Jerome Powell, made a statement.
“September inflation data continued its downward trend but was less encouraging,” said Fed Chairman Powell, continuing his words as follows:
*Many indicators show that the labor market remains tight but is gradually cooling.
“CAN BE TIGHTER”
*Additional evidence of above-trend growth or continued labor market tightness may justify further tightening of monetary policy.
*New and old uncertainties complicate our task of balancing the risk of tightening monetary policy too much with the risk of tightening it too little.
*The economy does not appear to be struggling at current levels of official interest rates; It is difficult to predict where the adjustment will end.
*I believe that high bond interest rates are not due to high inflation expectations or expected interest rate increases. High bond interest rates tighten financial conditions.
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
