Hello everyone, last night Mr. Powell made the following statement:
Mr. Jerome Powell, Chairman of the Federal Reserve of the United States (Fed), in his speech last night (14/10/2025), made several important remarks regarding the economic situation and monetary policy. Below are some key points from his speech:
Current economic situation: Powell stated that the U.S. economy is still recovering steadily after the pandemic, but there are certain challenges, especially regarding inflation and the uncertainties from external factors such as war and supply chain disruptions.
Monetary policy: He emphasized that the Fed remains committed to maintaining a tight monetary policy to curb inflation, while not ruling out the possibility of continuing to raise interest rates if necessary, depending on upcoming economic indicators.
Inflation: Powell mentioned that inflation has not yet reached the target level of 2% set by the Fed, although there has been a slight decrease in recent times. He affirmed that the Fed will continue decisive measures to ensure inflation does not get out of control.
Labor market: The labor market in the U.S. is recovering strongly; however, he warned that factors such as labor shortages and productivity growth could pose challenges to maintaining stability.
Future policy: Powell also emphasized that the Fed will be flexible and ready to adjust policies depending on economic developments. Although there is a certain level of stability currently, he does not rule out the possibility of stronger measures in the future if the situation does not improve. $ETH
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