Today, before the Senate Banking Committee, Federal Reserve Chairman Jerome Powell confirmed that the US economy is strong but inflation remains high. He indicated that the Fed is in no rush to adjust interest rates quickly, and that it may continue with its current policy for a longer period if inflation remains above target. He also stressed that the central bank is carefully monitoring the economy to maintain its stability.
These comments come amid an improvement in the labor market with the unemployment rate falling to 4%, indicating the strength of the US economy in general.
#LTC&XRPETFsNext?