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Fed’s Powell Highlights Monetary Policy Challenges Amid Economic Uncertainty
Fed’s Powell Highlights Monetary Policy Challenges Amid Economic Uncertainty
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BTCCSquare news:
Federal Reserve Chair Jerome Powell emphasized the absence of a 'risk-free path' for monetary policy during his address at the National Association for Business Economics conference. The central bank grapples with balancing maximum employment and 2% inflation targets, compounded by delayed economic data due to the government shutdown.
Powell noted that pre-shutdown indicators suggest stronger economic growth than anticipated, though the broader outlook remains consistent with September projections. The speech focused heavily on quantitative tightening, with the Fed aiming to reduce its $6 trillion securities portfolio—a process lacking a definitive timeline.
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