Summary
- Chair Jerome Powell reported that the Fed is facing risks of rising unemployment and inflation.
- He stated that due to high uncertainty, it is necessary to be cautious in policy decisions.
- He predicted that the impact of policies will become clear within a year.
According to Reuters on the 4th (local time), Jerome Powell, the Chair of the Federal Reserve System (Fed), stated in a speech, "The Fed is facing the risks of rising unemployment and inflation. The situation is somewhat challenging," and added, "However, we are not in conflict between our two goals of maximum employment and price stability. It's different from the 1970s."
He continued, "In about a year, the impact of Trump's policies will become clearer, significantly reducing uncertainty," and added, "Currently, the level of uncertainty is high, making it difficult to determine which policy to adopt. Now is an appropriate time to step back and organize the situation."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
