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Vitalik: The defeat of the EU proposal on 'chat controls' is a major victory
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Powell has already prepared a draft on the issue of rate cuts in September. On August 1st, the FOMC statement and the opening remarks prepared by Powell did not provide any forward guidance. Then, in response to the first question from reporters, Powell opened a tab in his script and began reading his pre-prepared answer on the issue of a rate cut in September: "(The Fed) may discuss lowering the policy rate as early as the next meeting in September. We are getting close to the point where we will need to lower the policy rate, but we are not there yet." (Jinshi) $PEPE $SOL $WLD
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Powell: It is no longer necessary to focus attention entirely on inflation. On August 1st, Federal Reserve Chairman Powell: Now is the time to adjust interest rates to support our ongoing process. We do not need to focus entirely on inflation. (Jinshi) $PEPE $SOL $WLD
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Powell: The constraints on policy rate increases can begin to be gradually relaxed. On August 1, Federal Reserve Chairman Powell: The inflation problem has not yet been resolved, but the restrictions on policy interest rates can begin to be gradually relaxed. (Jinshi) $PEPE $SOL $WLD
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Powell: Policy interest rates will be lowered as early as September. On August 1, Federal Reserve Chairman Powell: The policy interest rate will be lowered as early as September. The focus on the dual mandate has returned to a more balanced state. $PEPE $SOL $WLD
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Powell: If inflation declines in line with expectations and the labor market remains stable, a rate action in September may occur. On August 1, Fed Chairman Powell said: If inflation falls in line with expectations and the labor market remains stable, interest rate action in September may occur. Hope to see more good data to boost confidence. (Jinshi) $PEPE $SOL $WLD
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