[Breaking] Powell: "No decision to pause hikes today... Deleting the phrase is meaningful"
Jerome Powell, Chair of the Federal Reserve (Fed), stated at a press conference held immediately after the May Federal Open Market Committee (FOMC) regular meeting on the 3rd (local time) that regarding the pause in the June interest rate hike, "Today, we raised the benchmark interest rate by 0.25 percentage points. We did not make a decision to pause today," but also said, "I believe it is meaningful that the phrase 'additional policy accommodation' included in the March statement was excluded this time."
Hot Picks Today
At President Lee's Call to "Give Enough to Shock," Whistleblower Rewards Become a Real Lottery
- If They Fail Next Year, Bonus Drops to 97 Million Won... A Closer Look at Samsung Electronics DS Division’s 600M vs 460M vs 160M Performance Bonuses
- Lived as Family for Over 30 Years... Daughter-in-Law Cast Aside After Husband's Death
- Opening a Bank Account in Korea Is Too Difficult..."Over 150,000 Won in Notarization Fees Just for a Child's Account and Debit Card" [Foreigner K-Finance Status]②
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
