Crypto News

Here are the key takeaways from Jerome Powell's FOMC press conference:
- The economy is generally strong;
- Our decision today reflects our confidence that labor market stability can be maintained;
- Inflation has declined significantly, but is still above our target;
- The labor market has cooled and is no longer looking as tight;
- We can adjust monetary policy if necessary;
- If the economy remains stable, we can slow the pace of cuts. We can also respond if labor market conditions worsen;
- There is nothing in our forecasts that suggests we are in a hurry. I do not think we are behind schedule;
- We concluded that the 50bp cut was the right call. We will base future decisions on our next meetings;
- I am very pleased that we cut the rate by 50bp;
- The labor market is strong, and we want to keep it that way.  Same with the economy
- ❗️No one should look at today's decision and think that this is a new pace of cuts
- Immigration is one of the things that has contributed to the rise in unemployment