🇺🇸 SUMMARY OF FED CHAIR POWELL'S COMMENTS (4/16/24):

1. Recent data "shows lack of further progress on inflation"

2. Inflation has "introduced new uncertainty" on whether the Fed can cut rates later this year

3. Fed can maintain higher rates for "as long as needed"

4. Recent data has not given greater confidence on inflation

5. Restrictive Fed policy needs more time to work

6. It will likely take longer to "regain confidence" on inflation

HT

FinancialWorldUpdates

#stackharder #bities

#bitcoin #btc