š£Fed President Jerome Powell:
ā¢February data is definitely closer to what we expected to see.
ā¢We expect to see good data on inflation like last year.
ā¢We do not need to rush to cut interest rates, data shows that we should wait before cutting interest rates and that we should be more confident.
ā¢We will not act and make decisions according to political calendars. Trust is important to us.
ā¢We say that we expect inflation to rise to 2% on a sometimes bumpy path. The data will tell us what to do.
ā¢My expectation is that rates will not fall to the very low levels they were before the pandemic. However, rates will be lower than they are now.
ā¢There is no possibility of a recession at the moment.
ā¢The economic situation is strong, which shows us that we have a chance to reduce inflation.