Reserve

FOMC

Chair

Jerome Powell

Coin

<ul class="news-points"> 
 <li>Jerome Powell says the US economic future may depend on factors outside the Feds’ control.</li> 
 <li>According to Powell, a soft landing is uncertain for the US economy.</li> 
 <li>The US economy is likely headed for a recession by the end of 2023 to early 2024.</li> 
</ul> 
The US Federal Reserve chair, Jerome Powell, acknowledged that the country’s economic future may depend on factors outside the Feds’ control. While speaking to the press, Powell said he had thought the soft landing was a plausible outcome. After leaving interest rates unchanged, Powell expressed uncertainty about how the economic future of the United States will play out. 
In a recently uploaded <a href="https://www.youtube.com/watch?v=wi3_l7mPHkA" target="_blank" rel="nofollow">video</a> on the Altcoin Daily crypto YouTube channel, the host noted that Powell’s statement on a looming recession and a soft landing is a concerning development. According to the host, it has been the Feds’ goal to raise interest rates, curb inflation, and achieve what is known as a soft landing. 
The channel’s host described a soft landing as a situation where the Fed can raise interest rates just enough to slow the economy and reduce inflation without causing a recession. In the recent FOMC conference, Jerome hinted …
The post <a rel="nofollow" href="https://coinedition.com/feds-chair-hints-at-looming-recession-in-the-us-ahead-of-2024/">Feds Chair Hints at Looming Recession in the US Ahead of 2024</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Feds Chair Hints at Looming Recession in the US Ahead of 2024

Coin Edition

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