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 - Jerome Powell’s points during his speech at the Economic Club of New York
 
                    
                                        
                    
                    
                                                
                        
                        
                            
- Political violence is unacceptable in the United States, and we are glad that Trump is safe.
 
- The U.S. economy has shown outstanding results over the past couple of years.
 
- Data from the second quarter strengthens confidence in reducing inflation.
 
- The current economic growth rate is 1.5% per year, comparable to pre-pandemic levels.
 
- Today, I will not signal a possible rate cut at a specific meeting.
 
- The Fed’s task is to make decisions based on data, not on the election cycle; we are not politicians.
 
- Our actions during the pandemic will go down in history.
 
- An inflation rate of 2% has become a global standard that all countries strive for.
 
- The Fed has independence and enjoys bipartisan support.
 
- I will remain in my position until May 2026.
 
- There is a path to reducing inflation without significant damage to the labor market.
 
- We do not intend to prematurely lower rates and then raise them; we will wait for confidence in the economic indicators.
 
- Increasing the national debt leads us down an “unsustainable path.”
 
- We see that the economy is on a path to stability and sustainable growth.
 
- The Fed’s primary priority remains maintaining price stability and maximum employment.
 
- The international community is also striving to achieve a 2% inflation rate.
 
- Our policy is aimed at long-term sustainability and economic well-being.
 
- We continue to analyze data to make the most informed decisions.
 
- Recognition of our efforts during the pandemic underscores the importance of timely and effective actions in crisis situations.
 
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