Yellen says US Fed cut ‘positive sign,’ policy still restrictive
==========
Treasury Secretary Janet Yellen described the Federal Reserve's interest-rate cut on September 18, 2024, as 'a very positive sign for where the US economy is,' indicating progress in reducing inflation and a focus on maintaining a strong job market; Yellen emphasized that the Fed's confidence reflects diminished inflation risks and a commitment to the 2% target; she noted that the stance of monetary policy remains restrictive, with expectations for further interest rate reductions into 2026; Yellen highlighted that the job market is 'normal, healthy,' contrasting it with the tighter labor conditions of 2022 and 2023.
#FederalReserve #JanetYellen #InterestRates #UsEconomy #Inflation #JobMarket #MonetaryPolicy #2024 #EconomicOutlook #FinancialNews
https://theedgemalaysia.com/node/727345
The Edge Malaysia /
npub15q…t0mcv
2024-09-19 16:05:17
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npub15q3n6g46fstp0h7wemjzwkh9jy6akndzdzk2sz8q0hwgvz6sfe3srt0mcvPublished at
2024-09-19 16:05:17Event JSON
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"content": "Yellen says US Fed cut ‘positive sign,’ policy still restrictive\n==========\n\nTreasury Secretary Janet Yellen described the Federal Reserve's interest-rate cut on September 18, 2024, as 'a very positive sign for where the US economy is,' indicating progress in reducing inflation and a focus on maintaining a strong job market; Yellen emphasized that the Fed's confidence reflects diminished inflation risks and a commitment to the 2% target; she noted that the stance of monetary policy remains restrictive, with expectations for further interest rate reductions into 2026; Yellen highlighted that the job market is 'normal, healthy,' contrasting it with the tighter labor conditions of 2022 and 2023.\n\n#FederalReserve #JanetYellen #InterestRates #UsEconomy #Inflation #JobMarket #MonetaryPolicy #2024 #EconomicOutlook #FinancialNews\n\nhttps://theedgemalaysia.com/node/727345",
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