Summary
- Jerome Powell, the Chair of the Federal Reserve, stated that 'inflation' is still high but moving in the desired direction.
- He mentioned that the United States economy is generally maintaining its strength, and the overheating of the labor market has eased.
- He added that the GDP growth rate is expected to exceed 2% in 2024.
Jerome Powell, the Chair of the Federal Reserve, stated at a press conference following the FOMC on the 29th (local time) that "it is true that inflation is still high, but it is moving in the direction we want," and added, "We are closer to our target, but it is still slightly high."
He continued, "The United States economy is generally maintaining its strength. The overheating of the labor market has eased and remains solid," adding, "We expect GDP to exceed 2% in 2024."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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