Institution: It is appropriate for Powell to continue to maintain an ambiguous stance today

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On July 30, Peter Boockvar, Chief Investment Officer of One Point BFG Wealth Partnership, stated that Federal Reserve Chairman Powell's task is not easy, as some cracks have appeared in the labor market, prices remain far above his 2% sustainable target, while financial conditions remain unusually loose.

With considerable time remaining before the September meeting, it is advantageous for Powell to continue maintaining an ambiguous stance. (Jinshi)

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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