Powell did not mention the policy outlook, expecting April PCE to drop to 2.2%.

On May 15, Jin10 reported that Federal Reserve Chairman Powell did not discuss the current monetary policy or economic outlook during his speech on Thursday. However, he did indicate that he expects the April personal consumption expenditure price inflation to drop to 2.2%—a moderate figure that may still not reflect the upcoming tariff-driven price increases. Nevertheless, this still reflects an "historically unusual outcome" of anti-inflation without causing significant harm to the economy, and under the current strategy of the Federal Reserve, a "soft landing" has indeed occurred.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)