$BTC US Federal Reserve Chairman Pointed to Economic Slowdown

According to BlockBeats, US Federal Reserve Chairman Jerome Powell stated on July 9 that the latest employment data showed that the economy was cooling down. The labor market appears to have fully recovered and stabilized. Powell's comments indicate that the next policy move is unlikely to be a rate hike. This statement provides insight into potential future actions by the Federal Reserve, which plays an important role in managing the nation's economic stability. A full labor market recovery is a positive sign, but a cooling economy could pose challenges going forward. The Federal Reserve's decisions on interest rates can significantly impact the economy, affecting everything from the strength of the dollar to the cost of borrowing. Powell's statement that the likelihood of a rate hike is low shows that the Fed is looking for other strategies to manage the cooling economy.