$BTC
Barr’s driftin' away from the core crew at the FOMC — talkin' 'bout Powell, Jefferson, Williams, and Cook — takin' a much tougher stance and pushin' for more rate hikes, innit?
He was bangin' on about economic growth bein' strong and the job market stayin' solid, but inflation’s still sittin' above that 2% target and ain't exactly rushin' back down in good time, mate
.Said the risks to hittin' the inflation target have shot up, while the risks to the job market have dropped off. So, the committee proper needed to recalibrate policy to fit this new balance of risks for their dual mandate of max employment and price stability
Barr backed the rate hike approved by the committee last week, reckonin' the economy was out of line 'cause of recent changes, and that the adjustment was spot on. In his baseline view, he reckons further policy tweaks'll likely be needed to make sure inflation gets back to target properly
Stressed that price stability is absolutely key for proper, long-term growth that supports max employment
$SOL
He also brought up that the economy’s taken a proper batterin' from a bunch of shocks over the last year and a half — stuff like tariffs, the conflict in the Middle East, ongoing chaos from Russia’s war in Ukraine, plus that recent surge in investment demand for buildin' out AI capacity
All them shocks just kept pushin' them prices right up
$ETH
#Fed #USGovernment #USMarketUpdate
Barr’s driftin' away from the core crew at the FOMC — talkin' 'bout Powell, Jefferson, Williams, and Cook — takin' a much tougher stance and pushin' for more rate hikes, innit?
He was bangin' on about economic growth bein' strong and the job market stayin' solid, but inflation’s still sittin' above that 2% target and ain't exactly rushin' back down in good time, mate
.Said the risks to hittin' the inflation target have shot up, while the risks to the job market have dropped off. So, the committee proper needed to recalibrate policy to fit this new balance of risks for their dual mandate of max employment and price stability
Barr backed the rate hike approved by the committee last week, reckonin' the economy was out of line 'cause of recent changes, and that the adjustment was spot on. In his baseline view, he reckons further policy tweaks'll likely be needed to make sure inflation gets back to target properly
Stressed that price stability is absolutely key for proper, long-term growth that supports max employment
$SOL
He also brought up that the economy’s taken a proper batterin' from a bunch of shocks over the last year and a half — stuff like tariffs, the conflict in the Middle East, ongoing chaos from Russia’s war in Ukraine, plus that recent surge in investment demand for buildin' out AI capacity
All them shocks just kept pushin' them prices right up
$ETH
#Fed #USGovernment #USMarketUpdate
