The president of the Federal Reserve assured that there is no need to hurry and that they are well positioned in search of 2% inflation.
The president of the Federal Reserve from the United States, Jerome Powell said that The “economy is well” and that the entity remains alert I already expect more clarity against Donald Trump’s policies before what will be a new decision of fees.
The president of the Federal Reserve assured that there is no need to hurry and that they are well positioned in search of 2% inflation.
Powell’s most outstanding statements
The official also expressed that “The economy grows at a solid pace, extending a period of consistent growth that has been supported by a resilient consumption expense.”
In his speech, he said that numerous indicators show that The labor market is solid and, in general, balanced.
“While advances in inflation reduction were widespread, recent figures are still something above our 2%goal”said.
“Monetary policy does not follow a pre -established course. If the economy remains strong but inflation does not continue to advance sustainably around 2%, we can maintain political moderation for a longer time. We will review our declaration on long -term objectives and monetary policy strategy during the next meetings“He said.
Source: Ambito
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