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Powell: U.S. Government Shutdown Will Temporarily Drag on Economic Activity

By: theblockbeats.news|2025/10/29 18:45:56

BlockBeats News, October 30, Fed Chair Powell: Data before the shutdown showed that the economy may be heading towards a more stable trajectory. The government shutdown will temporarily drag on economic activity. Recent inflation expectations have risen, and higher tariffs are pushing up prices of some goods. Under a reasonable baseline scenario, the impact of tariffs on inflation will be temporary. (FXStreet)

Ethereum Surges Past $4000, 24-hour Decrease Narrows to 3.2%

Powell: Interest Rates Now Within Range of Many Neutral Rate Estimates