please contact sales@tanchin.hk for any inquiry
Federal Reserve Chairman Powell's post-policy meeting on Wednesday local time is likely to be held in the same way as every conference since this year. He will tell reporters that the Federal Reserve "has one main objective: to maintain economic expansion."
Behind this plain mission statement lies ambition. Powell is actually taking on a task that many of his inflation-worried predecessors avoided: expanding the benefits of economic growth to those who rarely benefit, from African-American families in distress to poor rural whites.
Improvements in the job market "have begun to cover communities on the edge of the labor market," Powell told lawmakers this month. "It's very important for us to continue this process for several years."
This means keeping economic growth at a long-term stable level of about 2%, or ideally slightly above that level, while maintaining a high-pressure labor market by reducing unemployment to levels that many economists consider unsustainable.
To help achieve this goal and protect the United States from downside risks from overseas, the Federal Reserve Chairman and his colleagues on the Federal Open Market Committee are expected to cut interest rates by 0.25 percentage points after Tuesday and Wednesday local time, reducing borrowing costs for the first time in more than a decade.


please contact sales@tanchin.hk for any inquiry
PREVIOUS:Bearing side cover packing Improvement        

BSB040072-T BSB035072-T BSB030062-T BSB025062-T BSB020047-T 7603025-2RS-TVP 7603020-2RS-TVP 7603100-TVP 7603095-TVP 7603090-TVP 7603085-TVP 7603080-TVP 7603075-TVP 7603070-TVP 7603065-TVP 7603060-TVP 7603055-TVP 7603050-TVP 7603045-TVP 7603040-TVP