Summary
- He stated that "the US economy maintains its strength," which could serve as a positive signal for investors.
- Chair Jerome Powell indicated that a cautious approach to economic forecasting is necessary due to "increasing international uncertainty".
- He mentioned that tariffs are driving inflation expectations, urging caution in market outlook.
Jerome Powell, Chair of the Federal Reserve (Fed), stated on the 19th (local time) during a press conference after the FOMC that "the US economy remains strong."
He explained, "While inflation is still slightly high, the labor market is solid," adding that "uncertainty regarding policy and international economic outlook is increasing."
He continued, "We don't yet know how these uncertainties will affect the economic outlook," and noted that "according to surveys, tariffs are driving inflation expectations."
Finally, he added, "We are focused on distinguishing between signals and noise."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
