Summary
- Fed Chair Powell stated that there are no signs of a recession in the current economic data.
- He mentioned that the economic impact from tariff data is not yet significant.
- He reported that if concerns among businesses and households persist, they might be reflected in the data in the coming weeks or months.
On the 7th (local time), according to CNBC, Jerome Powell, the Chair of the U.S. Federal Reserve (Fed), stated that "the economic impact from tariff data has not yet been significant," and "there are no signs of a recession in the current economic data."
He added, "Concerns among businesses and households are growing. If nothing occurs to alleviate these concerns, it is expected to be reflected in the data within weeks or months."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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