@xempirecombodaily1 · Post #11022 · 24.06.2025 г., 15:40
⚡ Jerome Powell (Chairman of the Fed): ✔ There is no recession in the USA. ❗️We may see inflation turn out to be lower than expected, in which case we would consider a Fed rate cut. ✔ A weakening labor market also suggests a faster rate cut. ✔ The Fed predicts that inflation will rise due to tariffs. ✔ Most Fed members believe it would be appropriate to cut rates later this year. ✔ So far, there are no conflicts between the Fed's dual mandates (labor market and inflation). ✔ The Fed's policy will not trigger an increase in housing supply in the long term. ❗️Banks are free to provide services to the crypto industry and conduct their activities, provided they ensure safety and reliability. ✔ I'm not worried about the latest macroeconomic data, but I am concerned about how it might change. ✔ We expect inflation to rise due to tariffs, but we do not yet know the extent of its impact on consumers. Therefore, we must wait. ✔ As long as the economy remains strong, we can afford to take a short pause. ❗️We will lower the Fed rate when the time is right. ✔ I think inflation will start to rise due to tariffs beginning in June. ✔ We will monitor the situation throughout the summer. ✔ There is no need to rush. ✔ I will not name a specific month in which we might cut the Fed rate. ✔ The Fed is simply trying to act cautiously and prudently. ✔ Economic growth will slow down this year. Immigration is one of the reasons. ✔ The dollar will remain a reserve currency for a long time. ✔ The US government bond market is functioning normally. ❗️The Fed will not tighten monetary policy or adjust the rate just because of rising oil prices. We will evaluate the entire macroeconomic picture. ✔ The dollar will remain a reserve currency for a long time. ✔ The US government bond market is functioning normally. ❗️The Fed will not tighten monetary policy or adjust the rate just because of rising oil prices. We will evaluate the entire macroeconomic picture. ✔ We are approaching price stability, but we have not quite achieved it yet. ❗️ The Fed does not have the right to buy cryptocurrency on its balance sheet and we do not seek to do so. ❗️Phs will continue to reduce balance ( #QT ). ✔ Small business lending conditions are a bit strict. ✔ We expect to see the impact of Trump's tariffs on inflation this summer. ❗️If this does not happen, we will lower the rate . ✔ We are currently in watch and wait mode. ✔ Overall, the inflation picture is quite positive. J. Powell testifies before the House Financial Services Committee on Monetary Policy.
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