Summary
- Jerome Powell stated that rate adjustments will be made more cautiously.
- He mentioned the possibility of policy readjustment depending on whether the inflation target is reached.
- The Fed reported continuing the 0.25% rate cut, lowering the U.S. base rate to 4.25%~4.50%.
Jerome Powell, the Chairman of the Federal Reserve, stated at a press conference following the FOMC on the 18th (local time), "We are being very cautious about easing monetary policy too quickly or too slowly," adding, "If this happens, the economy and employment could weaken excessively. We will take a more cautious approach to future rate adjustments."
He further added, "If inflation does not move to a sustainable level at the Fed's target of 2%, there is a possibility of policy readjustment."
Meanwhile, the Fed announced a 0.25%p cut in the base rate on this day. This marks the third consecutive cut following the 'big cut' of 0.5%p in September. As a result, the U.S. base rate has fallen to 4.25%~4.50%.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
