Federal Reserve is speaking today; What should Bitcoin investors expect?
The stubborn and ambitious personal desire of Federal Reserve Chairman Jerome Powell to set an average inflation rate of 2% could increase the bank's inflation target in the short and medium term.
US Federal Reserve Chairman Jerome Powell is expected to announce possible institutional measures to boost inflation tomorrow at the Jackson Hall Economic Policy Symposium.
Powell hopes to unveil the Fed's monetary policy framework at the bank's annual meeting in Jackson Hall, Woming, on Thursday, after a 12-month scrutiny of his plans with other Fed officials.
The framework includes the Federal Reserve's plans to target a 2 percent average inflation rate.
Because inflation has rarely exceeded this rate over the past decade, the Federal Reserve targeting inflation above 2% can increase the average inflation rate.
http://s10.picofile.com/file/8406908234/ezgif_com_webp_to_jpg_5_2_1024x379.jpg
"In an interview with CNBC, Krishna Guha, head of global policy and strategy at Evercore ISI, said:
We are confident that in tomorrow's speech, Powell will lay the groundwork for a deep, fruitful, and risk-averse approach to achieving a modest rate of inflation, paving the way for the Fed to announce its final target at its next September meeting.
Observers say the Federal Reserve is working to prevent the US economy from falling into the abyss of long-term growth and price stagnation; Conditions that had already brought the Japanese economy to its knees for decades.
As Powell insists on pursuing Accommodative monetary policy to meet his employment and inflation targets, some may be curious to see if it is possible for the Federal Reserve to go beyond its current policies.
It should be noted that the Federal Reserve can maintain its expansionary policy during the forthcoming economic recovery period by keeping interest rates close to zero in the context of economic recovery.
Reviewing what was said at the bank's one-day meeting on July 28, it can be seen that interest rates will remain low in the medium term as concerns spread about the effects of the coronavirus epidemic on the economy:
Peter Boockvar, chief investment officer at Bleakley Advisory Group, warns that now is the time to wisely adjust monetary easing policies that were previously unavoidable in March; Because the situation has become normal.
Powell's ear is unlikely to be indebted to these words and warnings. Hence, Bitcoin can benefit greatly from these conditions.
Thank you for reading this article. Good luck
US Federal Reserve Chairman Jerome Powell is expected to announce possible institutional measures to boost inflation tomorrow at the Jackson Hall Economic Policy Symposium.
Powell hopes to unveil the Fed's monetary policy framework at the bank's annual meeting in Jackson Hall, Woming, on Thursday, after a 12-month scrutiny of his plans with other Fed officials.
The framework includes the Federal Reserve's plans to target a 2 percent average inflation rate.
Because inflation has rarely exceeded this rate over the past decade, the Federal Reserve targeting inflation above 2% can increase the average inflation rate.
http://s10.picofile.com/file/8406908234/ezgif_com_webp_to_jpg_5_2_1024x379.jpg
"In an interview with CNBC, Krishna Guha, head of global policy and strategy at Evercore ISI, said:
We are confident that in tomorrow's speech, Powell will lay the groundwork for a deep, fruitful, and risk-averse approach to achieving a modest rate of inflation, paving the way for the Fed to announce its final target at its next September meeting.
Observers say the Federal Reserve is working to prevent the US economy from falling into the abyss of long-term growth and price stagnation; Conditions that had already brought the Japanese economy to its knees for decades.
As Powell insists on pursuing Accommodative monetary policy to meet his employment and inflation targets, some may be curious to see if it is possible for the Federal Reserve to go beyond its current policies.
It should be noted that the Federal Reserve can maintain its expansionary policy during the forthcoming economic recovery period by keeping interest rates close to zero in the context of economic recovery.
Reviewing what was said at the bank's one-day meeting on July 28, it can be seen that interest rates will remain low in the medium term as concerns spread about the effects of the coronavirus epidemic on the economy:
The current public health crisis is having a profound effect on economic activity, employment and inflation in the short term, and in the medium term, the economic outlook is facing significant risks.
Peter Boockvar, chief investment officer at Bleakley Advisory Group, warns that now is the time to wisely adjust monetary easing policies that were previously unavoidable in March; Because the situation has become normal.
Powell's ear is unlikely to be indebted to these words and warnings. Hence, Bitcoin can benefit greatly from these conditions.
Thank you for reading this article. Good luck