🗣️Fed Chairman Jerome Powell:
•It's time to adjust monetary policy.
•We will do everything we can to support a strong labor market while making further progress toward price stability.
•Current conditions are much more normal than they were before.
•We are not looking for any further cooling in the labor market, and we should welcome that.
•I am more confident that inflation is on track to return to the 2% target.
•Inflation has slowed significantly, and we are much closer to the target.
The timing and pace of rate cuts will depend on data, outlook, and risk balance.
•Inflation is now closer to our target.
Important Note: Friends, Binance has launched a reward event worth 50,000$ . You can now benefit from the reward by clicking on the Artificial Intelligence AI account and scoring from the "Vote" option.
The event ends on August 29. You can benefit from 50,000$ worth of rewards by voting every day until August 29.
