🇺🇸 American Central Bank (Fed) President Powell: “
1️⃣ Latest data show that there is no further progress on inflation.
2️⃣ Inflation has caused new uncertainty about whether the Fed will cut interest rates later this year.
3️⃣ The Fed can maintain high interest rates as long as necessary.
4️⃣ Latest data do not give more confidence about the downward trend of inflation.
5️⃣ More time is needed for the restrictive Fed policy to work.
6️⃣ It will probably take longer to regain confidence in inflation.”
