FED Chairman Jerome Powell makes critical statements about interest rate cuts and the US economy in his planned speech. Here are all the details of Powell's speech: Job growth appears too weak to keep the unemployment rate steady. If the policy is too strict, it could unduly impact the labor market. Businesses say the uncertainty is negatively impacting their outlook. Price pressures from tariffs may be “short-lived” and “will not happen overnight.” There has been an unusual and severe decline in labor supply and demand. The monetary policy stance remains moderately tight and we are well positioned to respond to potential developments. There is no “risk-free path” for the Fed. Inflation remains high. Related News: Veteran Analyst Reveals His Year-End Price Prediction for Bitcoin and When He Thinks a New Record Will Be Set The interest rate cut is a step towards a more neutral monetary policy stance. Two-way risks show that there is no risk-free path and that policies do not follow the set course. We must continue to focus on completing our core tasks. Public trust in economic and political institutions is being questioned. Fed is in “good position” after September rate cut. The overall impact of significant federal policy changes is “not yet clear.” Economic growth has slowed and downside risks to employment have increased. Easing policy too quickly could cause the “fighting inflation mission to fail.” The Fed's Beige Book report shows that the economy is growing moderately, but the pace of growth is not rapid. The Fed's latest Beige Book report reveals that the national economy is trending towards moderate growth, but uncertainties still remain. *This is not investment advice. Continue Reading: BREAKING: FED Chair Jerome Powell Makes Critical Statements on Interest Rate Cuts and the Economy
