According to BlockBeats, on July 12, the Chairman of the US Federal Reserve in Chicago, Charles Evans, expressed that the inflation report for June was outstanding. He suggested that a rate cut or a series of rate cuts could be considered based on the data.Evans reassured that there is no need to panic about the unemployment situation as the job market is stable. He emphasized the importance of flexibility in policy decisions, stating that it is necessary to decide when to cut rates, rather than trying to predict the interest rate path for the next seven months.This statement indicates a potential shift in the Federal Reserve's approach to monetary policy, with a focus on responding to current economic conditions rather than attempting to forecast future trends. This could have significant implications for the US economy and financial markets.
