Jerome Powell Speech Today On US Fed Rate Hike
“The tools to maintain financial stability are likely to weigh on economic conditions, hiring and inflation. So, as a result, our policy rate may not need to rise as much as it would have to achieve our goals.” advertisement Powell Warns About Further Market Shocks Jerome Powell said the markets will be facing the dilemma about future market shocks for a ling time and that it will be hard to predict them. The Fed Chair was speaking at a panel discussion on the “Perspectives on Monetary Policy” before the Thomas Laubach Research Conference hosted by the Federal Reserve Board of Governors on Friday. The discussion happened amid a mixed expectation in the Crypto Market about whether the US Fed would pause or maintain a hawkish pause in the June 2023 FOMC meeting. Also Read: Will Central Banks Utilise XRP Via Ripple’s CBDC Platform? However, recent comments from the central bank officials sided more towards further raising i...