🚨🚨 BREAKING NEWS 🚨🚨
Federal Reserve President Powell commenced his address, coinciding with a sudden plummet in the Bitcoin exchange rate. Here's a summary of Chairman Jerome Powell's key points:
Acting prematurely on interest rate cuts could lead to severe repercussions.
Delaying action may result in unnecessary harm to the economy and employment.
Initial impressions on the Personal Consumption Expenditures (PCE) meeting expectations are positive.
Confidence is sought before considering interest rate adjustments.
Any unforeseen labor market weaknesses could prompt policy adjustments.
Balancing inflation reduction without detriment to the economy is a priority.
Current indications suggest a low likelihood of recession.
Significant strides have been made in combating inflation.
The economy remains stable with interest rates at their current levels.
