๐ฅ Summary of what Federal Reserve Chair Kevin Warsh said ๐บ๐ธ:
๐ This decision was made at a time when the economy appears to be improving.
๐ Key indicators have improved in recent months.
๐ Financial conditions are not restrictive, a view widely supported within the Federal Open Market Committee.
๐ This committee will achieve its goal of stabilizing prices.
๐ The unemployment rate remains low, and jobs and working hours are increasing. The economy is resilient.
๐ Inflation is extremely high and has persisted for far too long.
๐ The labor market situation is a sign of strength.
๐ At the July meeting, we unanimously agreed that inflation is still extremely high, and we expressed our readiness to take the necessary actions.
๐ Focus on the inflation side of the Federal Reserveโs mandate.
๐ The probability of raising the interest rate in October is 40.1%.
๐ I will not preempt any future decisions that may be made.
๐ Our main focus is on inflation.
๐ The clear fact is that inflation is extremely high and has remained so for a long time.
๐ The data over the summer, in my view, does not indicate that the inflation situation has improved.$BTC
๐ Todayโs decision is the correct one โ
$NVDAB
$USDC
#FedRateWatch #ZcashRises6% #BitcoinETFsShed$450M #XRPSinks10% #ZcashHoldersBackNU7Upgrade
๐ This decision was made at a time when the economy appears to be improving.
๐ Key indicators have improved in recent months.
๐ Financial conditions are not restrictive, a view widely supported within the Federal Open Market Committee.
๐ This committee will achieve its goal of stabilizing prices.
๐ The unemployment rate remains low, and jobs and working hours are increasing. The economy is resilient.
๐ Inflation is extremely high and has persisted for far too long.
๐ The labor market situation is a sign of strength.
๐ At the July meeting, we unanimously agreed that inflation is still extremely high, and we expressed our readiness to take the necessary actions.
๐ Focus on the inflation side of the Federal Reserveโs mandate.
๐ The probability of raising the interest rate in October is 40.1%.
๐ I will not preempt any future decisions that may be made.
๐ Our main focus is on inflation.
๐ The clear fact is that inflation is extremely high and has remained so for a long time.
๐ The data over the summer, in my view, does not indicate that the inflation situation has improved.$BTC
๐ Todayโs decision is the correct one โ
$NVDAB
$USDC
#FedRateWatch #ZcashRises6% #BitcoinETFsShed$450M #XRPSinks10% #ZcashHoldersBackNU7Upgrade
