Hassett: Setting the Federal Reserve's interest rate targets for the next six months in advance would be "irresponsible"
Jinse Finance reported that White House National Economic Council Director Kevin Hassett stated that it would be "irresponsible" for the Federal Reserve to set an interest rate target plan for the next six months in advance, emphasizing the importance of following economic data. In an interview with CNBC on Monday, Hassett said that the responsibility of the Federal Reserve Chair is to observe data, adjust policy, and explain the reasons behind their actions. Therefore, if someone says, "I will do this in the next six months," that is indeed irresponsible.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
After doubling their stock prices this year, Valero Energy (VLO.US) and Marathon Petroleum (MPC.US) have been downgraded by Jefferies: Their valuations are now considered too high.
Jefferies downgraded refiners Valero Energy (VLO.US) and Marathon Petroleum (MPC.US) from "Buy" to "Hold," with target prices of $401 and $413, respectively.
Goldman Sachs Bets on 'Rising Stocks and Bullish Bonds': S&P 500 Targeted at 8,700 Points, 10-Year US Treasury Yield Falls to 4.5%
Goldman Sachs expects the S&P 500 index to rise by 13.7% over the next 12 months, with the 10-year US Treasury yield falling from the current 5% to 4.5%. The bank's 12-month target for the S&P 500 is 8,700 points.
Up 14% since July! Forex options traders bet the Korean won rally will continue
Forex options traders are betting that the Korean won, which has been leading the Asian forex market since July, will continue its strong momentum.
Crypto prices
More
