BlockBeats News, September 24th, Federal Reserve Chairman Powell stated that the latest Fed Beige Book shows that the national economy is experiencing a uniform moderate expansion, but uncertainty remains. This summer, the labor market has shown some slowing. Employment and inflation risks require different responses, and the Fed needs to strike a balance.
Focusing on inflation needs to be moderate to achieve a more balanced approach. Before the next interest rate decision, attention will be paid to the labor market, growth data, and inflation data to assess whether the policy is appropriate. (FXStreet)
