Powell: Considering the progress that has been made, the Federal Open Market Committee will proceed cautiously with monetary policy.

BlockBeats News, on November 2nd, Federal Reserve Chairman Powell stated: "The full impact of the tightening policy has not yet been felt, and given the progress we have made, the monetary policy committee will proceed cautiously." (Jin10)

Correction/Report

RelatedRecommended

Powell's Final FOMC Meeting Transcript (Including Q&A) Federal Reserve Chair Jerome Powell held his final FOMC meeting today, announcing the central bank's decision on interest rates and providing insights into future monetary policy. Below is the full transcript of his remarks and the subsequent Q&A session with reporters. --- **Chair Jerome Powell:** Good afternoon, everyone. I'd like to thank my colleagues for their hard work and dedication during my tenure as Chair of the Federal Reserv

Amid Resurgent Inflation and Political Pressure, How the Federal Reserve Is Preserving Its Independence

Powell's Final FOMC Minutes: To Remain as Governor, Unprecedented Fed Internal Division

Interest Rate, Inflation, Independence, Transition Arrangement, and Eight-Year Term Summary

Powell Press Conference Full Transcript: Hold on, We Won't Cut Rates Proactively

Quick review of the key points of Powell's hawkish press conference

Powell does not believe that the sharp interest rate cut indicates that a US recession is imminent, but rather that it is more of a preventive action aimed at maintaining the "robust" status quo of the economy and labor market.

Powell: Considering the progress that has been made, the Federal Open Market Committee will proceed cautiously with monetary policy.

Binance hacker mistakenly dumped PROM into an empty pool, $5 million worth of tokens only exchanged for $71.

VVV whale deposits another 100,000 tokens to Coinbase after 19 days, with potential unrealized profit reaching $11.78 million.

Binance hacker transfers $38 million via Relay cross-chain in 7 hours, KYT mechanism questioned

Binance SAFU wallet transferred out 7,500 BTC half an hour ago, possibly to replenish reserves for affected assets.