{"id":140658,"date":"2023-09-01T23:12:20","date_gmt":"2023-09-01T17:42:20","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=140658"},"modified":"2023-09-01T23:12:20","modified_gmt":"2023-09-01T17:42:20","slug":"fed-needs-to-achieve-2-target-to-ensure-its-credibility-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/fed-needs-to-achieve-2-target-to-ensure-its-credibility-crypto-news\/","title":{"rendered":"Fed needs to achieve 2% target to ensure its credibility &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/fed\">Federal Reserve Bank<\/a> of Richmond President\u00a0Thomas Barkin said on Tuesday that the Fed needs to achieve the 2% inflation target to ensure its credibilitiy, per Reuters.<\/p>\n<p>Commenting on the economic <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\">outlook<\/a>, Barkin noted that if the US were to have a recession, it would likely be a &#8220;less-severe&#8221; one. He further added that they try not to focus too much on short-term market moves.<\/p>\n<h2 class=\"fxs_headline_medium\">Market reaction<\/h2>\n<p>These comments don&#8217;t seem to be having a noticeable impact on the US Dollar&#8217;s performance against its major rivals. As of writing, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/us-dollar-index\">the US Dollar Index<\/a> was virtually unchanged on the day at 103.30.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: Federal Reserve Bank of Richmond President\u00a0Thomas Barkin said on Tuesday that the Fed needs to achieve the 2% inflation target to ensure its credibilitiy, per Reuters. Commenting on the economic outlook, Barkin noted that if the US were to have a recession, it would likely be a &#8220;less-severe&#8221; one. He further added that they [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":9904,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,386,251,246,257,366,255,250,252,247,253,249,256,254],"class_list":["post-140658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-centralbanks","tag-chainlink","tag-coin","tag-cryptocurrency","tag-fed","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/140658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=140658"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/140658\/revisions"}],"predecessor-version":[{"id":140659,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/140658\/revisions\/140659"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/9904"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=140658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=140658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=140658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}