Powell: The US economy is in good condition, and a 50 basis point interest rate cut can maintain a strong labor market and inflation moving towards the target
Sep 30, 2024 18:13
Odaily Planet Daily News: Federal Reserve Chairman Powell said in a speech at the National Association for Business Economics: "The US economy is in good condition, the labor market is stable, and the labor market is roughly in a balanced state. The decline in inflation has a broad basis, and recent data shows further progress towards achieving the goal of a sustained return to 2%. The 50 basis point interest rate cut reflects increasing confidence that appropriate policy adjustments can maintain a strong labor market and inflation towards the target. The revision of Gross Domestic Income (GDI) eliminates the downside risks that the Federal Reserve is considering
Share To
HotFlash
APP
X
Telegram
CopyLink