Powell: Fed's dual goals not in conflict yet, but current trend is for unemployment and inflation to rise
BlockBeats News, April 17, Federal Reserve Chairman Powell stated that the Fed's dual mandates are not currently in conflict, but the current trend suggests that both the unemployment rate and inflation level will rise. (Xinhua News Agency)
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.