What is Fed Chairman Powell's latest statement as the Fed's rate meeting approaches?
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2023-10-26 18:08:16
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On November 1, the Federal Reserve is about to announce a new interest rate decision, whether to raise interest rates or not, this soul torture estimates that no one can really answer up。Although according to market forecasts, the possibility of the Fed not raising interest rates on November 1 has been as high as 97%, but, after all, it is a market forecast, you know, until the last minute, no one dares to pack a ticket。Another way to find out the Fed's next policy action is to find out from the speeches of Fed officials, who in many cases, because of their special status, are not convenient to talk too much in public, but they also have times when they spill the beans, so let's take a look at the Fed's top leader, Powell's latest statement.。There is no doubt that Powell's advocate is to raise interest rates, and his main concern is that the U.S. labor market is hot.。Some people wonder, isn't it a good thing that the labor market is hot and everyone lives and works in peace and contentment?。Powell doesn't think so, as the governor of the U.S. central bank, he doesn't care if your people live in peace or not, in his eyes, there is only one goal, and that is to keep inflation down.。As long as inflation rises, then I'm going to do everything I can to get it going, and no one can stop me.。The best way to keep inflation down is to raise interest rates, because raising interest rates is like a tranquilizer, and no matter how noisy you are, if I take this shot, you'll lose more than half of your vitality.。
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