when

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/fed-addresses-economic-concerns-with-new-statements/" data-wpel-link="internal">Fed Addresses Economic Concerns with New Statements</a><br></p>
<p style="text-align: justify"><strong>One of the most significant issues pressuring the <a href="https://en.coin-turk.com/crypto-industry-struggles-despite-bitcoins-resilience/" data-wpel-link="internal">cryptocurrency</a></strong> markets is the Fed’s tight monetary policy and the possibility of its extension. In 2021, <strong>Powell</strong> repeatedly stated that the rise in inflation was temporary, but rapid interest rate hikes began with the new year. It is still uncertain when interest rate cuts will start. So, how do the members interpret the latest developments?</p> 
<h2 style="text-align: justify" id="fed-and-macroeconomic-interpretations">Fed and Macroeconomic Interpretations</h2> 
<p style="text-align: justify">US employment and wage growth data were good, but the <strong>PPI</strong> data was poor. Recently, the inflation data was also positive, but the high figures announced in the first quarter have dominated the market with pessimism. So, how do Fed members interpret the current situation in light of the <a href="https://newslinker.co/" data-wpel-link="exclude">latest data</a>? They made important statements today, and we need to review them.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-352257 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/Fed-faiz-16-mayis-guncel-tahmin.png" alt="" width="552" height="282"></p> 
<h3 style="text-align: justify" id="fed-barkin-s-statements">Fed Barkin’s Statements</h3> 
<p style="text-align: justify"><strong>Fed</strong>‘s Barkin summarized his statement as follows:</p> 
<p style="text-align: justify">“I cannot say that fiscal spending has had no impact on the <a>economy</a>. The inflation story is much longer-term than what is happening in the market. The question now is how long <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">interest rates</a> need to be held steady to create the necessary impact on inflation. I believe inflation will decrease, but it will take more time. I believe inflation is decreasing, and we are on the right path. Unemployment claims are low by historical standards but may be rising. Overall labor market figures are normalizing. Demand needs to fall further for inflation to reach 2%. The <strong>CPI</strong> is still not where the Fed is aiming. Retail sales data show that consumer spending is good but not great. Especially the services sector still thinks they can raise prices. Businesses are still willing to increase prices.”</p> 
<h3 style="text-align: justify" id="fed-s-mester">Fed’s Mester</h3> 
<p style="text-align: justify">Fed member Mester evaluated the latest developments a few hours ago. The important parts of his lengthy statements were as follows:</p> 
<blockquote> 
 <p style="text-align: justify">“The US fiscal path is unsustainable and must be controlled. I welcome the <strong>CPI</strong> data as a sign of cooling inflation. Labor <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">market conditions</a> are strong. The current restrictive policy will help reduce inflation. As the Fed reviews more data, monetary policy is well-positioned. Gaining confidence that inflation is moving towards 2% will take longer. A strong economy means the Fed takes very little risk in keeping the policy steady. The risks to the inflation side of the Fed’s mandate have increased. Downside risks to growth and hiring have decreased. I expect gradual progress in reducing inflation.”</p> 
</blockquote> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/fed-addresses-economic-concerns-with-new-statements/" data-wpel-link="internal">Fed Addresses Economic Concerns with New Statements</a></h5>

Fed Addresses Economic Concerns with New Statements

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