ALADDIN 🟣🔮
@aladdin-x8.eth
🇺🇸🎤 Jerome Powell’s Speech at the 75th Anniversary of the International Finance Division: 🔎 The Event: The Federal Reserve celebrated the 75th anniversary of its International Finance Division, which provides vital analysis on global economics, trade, and foreign markets. 💡 Key Highlights: ✅ A tribute to the late Stanley Fischer and his pivotal role in international economics. ✅ Recognition of the division’s staff for their invaluable support to U.S. policymakers, producing essential research and analysis for monetary policy decisions. 🌍 Historical Importance: 🔸 Established in 1950, the division emerged as the U.S. took on a leading global economic role post-WWII. 🔸 Understanding other countries’ policies became crucial for the Fed’s mission of price stability and employment. 🔸 Over time, the division evolved from simple forecasting models to sophisticated frameworks that track how global shocks impact the U.S. economy.
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ALADDIN 🟣🔮
@aladdin-x8.eth
📉 Vital Contributions During Crises: 🔹 Supported U.S. market stability during the Latin American debt crisis in the 1980s and other financial crises in Mexico, Asia, and Russia. 🔹 Delivered quick solutions during the Global Financial Crisis and the pandemic, leveraging tools like “swap lines” and the “FIMA Repo Facility.” 🔍 In the Face of Today’s Uncertainty: ✅ The division has developed new indicators to monitor geopolitical, inflation, and trade policy risks. ✅ These tools are crucial for assessing how global shocks ripple through the U.S. economy. 📌 The Bottom Line: Powell closed by thanking the current and former IF staff, highlighting their role in building strong ties with global partners and ensuring the Fed’s commitment to its dual mandate: maximum employment and price stability for all Americans. 🇺🇸💪
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