Summary
- Jerome Powell, the Fed Chair, reported that the market is functioning orderly.
- He stated that the current goals of maximum employment and price stability are not in conflict.
- He anticipated difficult decisions due to the potential simultaneous rise in unemployment and inflation.
According to Walter Bloomberg on the 16th (local time), Jerome Powell, the Chair of the United States Federal Reserve (Fed), stated, "The market is functioning in an orderly manner and performing as expected," adding, "The Fed's dual goals of maximum employment and price stability are not currently in conflict, but the current trend is moving towards a simultaneous rise in unemployment and inflation. We may face difficult decisions in the future."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
