Summary
- Jerome Powell, the Fed Chair, stated that the decision on interest rate cuts will be made based on the future economic conditions.
- Chair Powell indicated that there is a possibility of maintaining or adjusting the current interest rate level.
- It was announced that further discussions will be held at the upcoming FOMC meeting based on the situation.
On the 7th (local time), according to CNBC, Jerome Powell, the Chair of the United States Federal Reserve System (Fed), responded to a reporter's question asking, 'You previously predicted two interest rate cuts this year. Is that still unchanged?' by stating, "Depending on how future conditions unfold, we may cut rates or maintain the current level."
He further stated, "There is no reason to make a hasty decision," adding, "Another FOMC meeting is scheduled to be held in a few weeks, and we will act according to the situation."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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