Summary
- Jerome Powell, Chair of the US Federal Reserve, mentioned that the US economic growth rate has somewhat slowed.
- He stated that the economy is generally maintaining a resilient trend but there is uncertainty and downside risk.
- He conveyed that a clearer economic situation is needed before changing policies.
According to Walter Bloomberg on the 16th (local time), Jerome Powell, Chair of the US Federal Reserve (Fed), stated that "the US economic growth rate in the first quarter of this year has somewhat slowed compared to the previous year," and "the economy is generally maintaining a resilient trend, but uncertainty and downside risks persist."
He further added, "There is a need to confirm a clearer economic situation before changing policies."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
