๐จ๐บ๐ธ Breaking: Jerome Powell's Reveals Fed's Monetary Policy Stance! ๐บ๐ธ
Federal Reserve Chair Jerome Powell shares his insights:
๐ Data-driven decisions: No rate cuts without convincing labor market weakness.
๐ฐ๏ธ Timing is everything: Avoiding premature or delayed rate cuts.
๐ธ Wage growth: Slowing down, but still above equilibrium levels.
๐ Inflation target: 2% by end of next year or possibly the year after.
๐๏ธ Fed independence: Powell stresses the importance of separation from political pressures.
๐ US government deficit: Unsustainable and requires prompt attention.
๐ Unemployment rate: 4% is still very low; stabilization is key.
๐ Inflation goal: At or below 2% in a year.
