Powell Highlights Commitment to Price Stability and Strong Labor Market
According to BlockBeats, on August 23, Corpay''s Chief Market Strategist Karl Schamotta emphasized a key statement from Powell''s speech, indicating that they will ''do everything possible to support a strong labor market while making further progress on price stability.''Schamotta interprets this as Powell acknowledging growing concerns among policymakers about the direction of the labor market. Powell did not mention a 50 basis point rate cut for September, which aligns with market expectations.
