Powell says Fed need not hurry to cut main rate, GDP growth ‘solid’

ciodive.com

Center

Factuality

Ownership

Powell says Fed need not hurry to cut main rate, GDP growth ‘solid’

Monetary policy is “well positioned” to handle any rebound in price pressures or weakening in the labor market, the Federal Reserve chair said.

Truth Unmuted

Factuality

Ownership

Fed Chair Powell Vows No US CBDC During His Tenure – Truth Unmuted

by Shalini Nagarajan | CryptoNews Fed Chair Jerome Powell said Tuesday that the US central bank will not develop a central bank digital currency (CBDC) during his tenure. His announcement ended years of speculation that the Fed might follow China’s lead by launching an official digital currency. During the Fed’s seminannual testimony, Powell addressed Sen. Bernie Moreno’s (R-Ohio) query to assure that the US would refrain from introducing a CBDC…

Portfolio.hu

Factuality

Ownership

Federal Reserve officials were prepared to leave interest rates unchanged amid stubborn inflation and economic policy uncertainties, according to minutes from the January meeting, Bloomberg reported.