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