According to the Financial Times, Federal Reserve Chair Jerome Powell’s sudden move to expand the scale of Treasury repurchase operations is undermining the credibility of its fiscal policy guidance. This Friday, Powell will deliver his first appearance at the annual Jackson Hole Global Central Bank meeting, and markets are closely watching his remarks on the future direction of monetary policy.
With the Fed both raising interest rates to fight inflation and injecting liquidity into the market through repurchase operations, this contradictory approach leaves investors increasingly confused. At this Jackson Hole meeting, whether Powell will release new signals of a policy shift will directly influence the direction of global risk assets. $BTC
#美联储 #JacksonHole #crypto market
With the Fed both raising interest rates to fight inflation and injecting liquidity into the market through repurchase operations, this contradictory approach leaves investors increasingly confused. At this Jackson Hole meeting, whether Powell will release new signals of a policy shift will directly influence the direction of global risk assets. $BTC
#美联储 #JacksonHole #crypto market