Jerome Powell
Post
--Bullish
Captain Crypto2030
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BullishJerome Powell during his speech
📌 It will take a while for monetary policy makers to assess the current state of inflation, making the timing of potential rate cuts uncertain.
🛑Jerome Powell added, in his speech at the opening of the Business, Government and Society 2024 Conference at Stanford University, that he cannot yet determine the veracity and consistency of the recent high inflation data, indicating the possibility that they are stumbling blocks or temporary bumps and inflation will return to the downward trend.
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📌 It will take a while for monetary policy makers to assess the current state of inflation, making the timing of potential rate cuts uncertain.
🛑Jerome Powell added, in his speech at the opening of the Business, Government and Society 2024 Conference at Stanford University, that he cannot yet determine the veracity and consistency of the recent high inflation data, indicating the possibility that they are stumbling blocks or temporary bumps and inflation will return to the downward trend.
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