“The financial stability tools helped to calm conditions in the banking sector,” said Powell. “Developments there, on the other hand, are contributing to tighter credit conditions and are likely to weigh on economic growth, hiring and inflation,” he continued. “As a result, our policy rate may not need to rise as much as it would have otherwise to achieve our goals.”
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoAiStream. Web3 Data Intelligence. Knowledge Amplified. Access Here.
- Minting the Future w Adryenn Ashley. Access Here.
- Buy and Sell Shares in PRE-IPO Companies with PREIPO®. Access Here.
- Source: https://www.coindesk.com/markets/2023/05/19/bitcoin-hovers-below-27k-as-fed-chair-powell-makes-modestly-dovish-comments/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
- :not
- a
- Achieve
- and
- ARE
- AS
- Banking
- banking sector
- below
- Bitcoin
- Chair
- Coindesk
- comments
- conditions
- continued
- contributing
- credit
- Dovish
- Economic
- Economic growth
- Fed
- Fed Chair
- Fed Chair Powell
- financial
- financial stability
- Goals
- Growth
- hand
- Have
- he
- helped
- Hiring
- HTTPS
- images
- in
- inflation
- IT
- jpg
- likely
- MAKES
- May..
- much
- Need
- on
- Other
- otherwise
- our
- plato
- Plato Data Intelligence
- PlatoData
- policy
- Powell
- Rate
- result
- Rise
- Said
- sector
- Stability
- The
- There.
- tighter
- to
- tools
- weigh
- would
- zephyrnet