Economy News

Economy

Korean Government Takes Immediate Action to Stabilize Financial Markets Amid U.S. Interest Rate Cuts

The Korean government held an emergency meeting to assess the impact of the U.S. Federal Reserve's interest rate cut, leading to increased volatility in financial markets. Measures...

Economy

Fed's Powell Rules Out Bitcoin Ownership, Won't Seek Law Change

Jerome Powell, US Federal Reserve Chair, says the central bank cannot own Bitcoin under current law and won't seek changes. Powell previously criticized Bitcoin for being volatile ...

Economy

Jerome Powell Leaves Door Open for Potential Rate Hikes in 2024

Federal Reserve Chair Jerome Powell did not rule out the possibility of rate hikes in 2024, stating that while unlikely, it remains a possibility given current inflation trends.

Economy

Jerome Powell's Optimistic Outlook on US Economy for 2025

Federal Reserve Chair Jerome Powell expressed optimism about the US economy for 2025, citing a successful avoidance of recession and a strong policy stance. He also noted geopoliti...

Economy

Powell: Fed Won't Act on Tariffs Until Implemented

Federal Reserve Chair Jerome Powell stated that the central bank will not make any policy decisions in response to tariffs until they are implemented, despite studying their potent...

Economy

Fed Chair Powell: Sustained Inflation Progress Crucial for Future Rate Cuts

Federal Reserve Chair Jerome Powell highlighted the need for sustained inflation reduction before considering additional interest rate cuts, adjusting the projected rate cuts for 2...

Economy

Fed Chair Powell: Despite Rate Cuts, Monetary Policy Remains Restrictive

Fed Chair Jerome Powell stated that despite a year-long reduction in interest rates by 100 basis points, the central bank's monetary policy remains restrictive. Powell made these r...

Economy

Fed Rate Cut: A Close Call, But the Right Move Says Powell

Fed Chair Jerome Powell states the recent interest rate cut was a close call but the right decision, citing easing labor market, declining inflation, and balanced risks.