S407五分钟英语- Jay Powell's Speech 08/29
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#英语 #英语学习 #学英语 #The Fed

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Good morning friends! Today is August 29th.

As we are approaching the end of summer, two thirds of 2023 will be officially over in two days. Even though this summer wasn’t as hot as the last one, we still faced a lot of natural disasters which could be traced to excessive human behaviors. So, let’s all do something to treat this planet a little better. Maybe that will spare us from more unthinkable events.

摘要：

In today’s episode, let’s take a pause on AI and back to business. Last Friday, the chair of the Federal Reserve gave a speech after meeting with other global central bank leaders. His remarks will set stage for the direction of global interest rate and its consequence on the financial market.

• Fed Chair’s Message Is Clear: The Fight Against Inflation Isn’t Over (New York Times, Aug 25)
• Fed Chair Powell calls inflation ‘too high’ and warns that ‘we are prepared to raise rates further’ (CNBC, Aug 25)
• Rate hike chances rise modestly after Fed's Powell speech (Reuters, Aug 25)
• Fed’s Powell holds the line, declaring inflation isn’t beaten yet (Politico, Aug 25)