Federal Reserve Powell: U.S. Economy Performing Well, Inflation Faces Upside Risks

BlockBeats News, November 21st, President of the Federal Reserve Bank of Philadelphia, Harker, stated that when considering long-term monetary policy, the focus should be on balancing inflation and labor market risks. There is an upward risk of inflation and a downward risk of unemployment, so monetary policy must be carefully balanced.

The U.S. economy is performing well. The rate cuts implemented so far have been appropriate, but each rate cut sets a higher threshold for the next one. (FXStreet)