🇺🇸 Part 3 - Jerome Powell: head of the#FRS(Federal Reserve System)

✔  But my confidence in a further decline in inflation has become lower than it was before.

✔  I don’t know how long it will be before we start reducing the rate.

✔ I don’t understand where the talk about the beginning of stagflation in the country comes from.

✔  I worked during stagflation, this is not that period.

✔  We will lower the rate when confidence in a further decline in inflation in the United States returns.

✔  We are not satisfied with 3%. Our goal = 2%.

✔  Elections in the USA are not a hindrance. We are confident that we will do what we think is right...when we think it's right.

✔  Restrictive PrEP takes longer to do its job.

✔  Stable inflation + strong labor market = postpone decisions related to rate cuts.

✔  We need MORE TIME, but we will get inflation to 2%.

✔  We see progress in reducing the salary level, but it is unstable.

✔  Other countries considering rate cuts are not experiencing the same economic growth as the US.

✔  The increase in the unemployment rate must be significant for us before we intervene (cut the rate).