Urgent 📢
According to BlockBeats, Federal Reserve Chairman Jerome Powell highlighted that the main focus of differing opinions is on future economic forecasts. He noted that the core personal consumption expenditure, excluding tariffs, might be around 2.3% or 2.4%. Powell confirmed that the inflation rate, excluding tariffs, is not far from the 2% target. He expressed that it is unlikely that tariffs will be a one-time inflation shock. The Federal Reserve believes that monetary policy remains slightly tight and is firmly committed to restoring the inflation rate to 2%. #Cryptoking11110 #BTC
According to BlockBeats, Federal Reserve Chairman Jerome Powell highlighted that the main focus of differing opinions is on future economic forecasts. He noted that the core personal consumption expenditure, excluding tariffs, might be around 2.3% or 2.4%. Powell confirmed that the inflation rate, excluding tariffs, is not far from the 2% target. He expressed that it is unlikely that tariffs will be a one-time inflation shock. The Federal Reserve believes that monetary policy remains slightly tight and is firmly committed to restoring the inflation rate to 2%. #Cryptoking11110 #BTC