Powell: There will be significant fiscal legislation as well as regulatory changes, planning to complete the entire term
On April 5th, Federal Reserve Chair Powell stated in his keynote address regarding the economic outlook: It seems that the Fed does not need to act in a hurry. I intend to complete the entire term and actually take great pleasure in this job. There will be significant fiscal legislation and regulatory changes, and many companies have indicated that they are awaiting clear guidance to make decisions. (Xinhua News Agency)
4 minutes ago
Powell: Waiting for Clearer Message Before Considering Policy Adjustment
On April 4th, Federal Reserve Chairman Powell said in his keynote speech on the economic outlook: We are facing a highly uncertain outlook. It will be extremely difficult to evaluate the economic impact of tariffs until we have more certainty regarding the details. While uncertainty remains at a high level, it is now evident that the magnitude of tariff increases will be much higher than anticipated. The economic impact could also be in such aspects, including higher inflation and slower growth. The extent and duration of these impacts remain uncertain. We will continue to closely monitor the upcoming data releases, the evolving outlook, and the risk balance. We are prepared to wait for more definite information before contemplating adjustments to our policy stance. It is still too early to determine what the appropriate path for monetary policy is at this time. (FXStreet)
4 minutes ago
Powell: External Institutions Have Raised the Likelihood of a Recession, Tariff Levels Higher Than Expected
On April 4th, Federal Reserve Chair Powell stated in a keynote speech regarding the economic outlook: The Fed has not made a probability forecast of an economic recession. However, external forecasters have raised the likelihood of this. The tariff level remains higher than that of almost all forecasters' expectations, yet it is still uncertain where it will ultimately settle. The committee is not accountable for trade, immigration, fiscal, or other policies. A year from now, as the impact of the Trump administration's policies becomes more evident, uncertainty should decrease significantly. (FXStreet)
4 minutes ago
Powell: Progress on Achieving 2% Inflation Target Has Slowed
On April 4th, Fed Chair Powell stated in his keynote speech regarding the economic outlook as follows: Lately, the pace at which we have been making progress towards our 2% inflation goal has decelerated. During the 12 months ending in February, the PCE price index witnessed an increase of 2.5%. When excluding the volatile food and energy categories, core PCE prices rose by 2.8%. Looking forward, higher tariffs will exert an influence on our economy and may drive inflation upward over the next several quarters. Judging from most indicators, long-term inflation expectations (inflation expectations over the next few years) remain firmly anchored and are in line with our 2% inflation objective. We remain dedicated to achieving a sustained return to our 2% inflation goal. (FXStreet)
4 minutes ago
Lens Chain Mainnet Officially Launched
On April 4th, Layer 2 SocialFi blockchain Lens Chain announced that its mainnet has officially gone live.
Previously, BlockBeats reported that on February 26th, the social protocol Lens Protocol announced that it had migrated to Lens Chain. Through a collaboration with ZKSync, the Lens team developed a migration solution to ensure maximum data integrity. The successful migration transferred 650,000 user accounts along with their digital identities, 28 million follower connections, social graphs, and 360 applications.
4 minutes ago
Powell: Tariffs Likely to Lead to Price Increases in the Short Term
On April 4th, Federal Reserve Chairman Powell stated in his keynote speech on the economic outlook that tariffs are highly likely to lead to short-term price hikes. The influence on prices may also be more lasting. Our obligation is to ensure that long-term inflation expectations remain stable. People's dissatisfaction with the economy seems to originate from early inflation. Prices have not decreased. People are aware that they are spending more, so it is completely reasonable for them to be discontented. Inflation has dropped significantly, and the unemployment rate is close to the full employment level. (FX678)
4 minutes ago
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