🇺🇸 Part 1 - Jerome Powell: Chapter #ФРС (Federal Reserve)

✔  Inflation is still high and there is no guarantee of further progress.

✔  There is significant progress in achieving the objectives of the dual mandate (economy and labor market).

✔  This year’s inflation data is higher than we expected. There was no progress!

✔  The labor market is still tight.

✔  Demand in the labor market continues to exceed supply.

✔  There is no greater confidence in the downward trajectory of inflation in the United States.

✔  We do not believe that it is appropriate to reduce rates until there is evidence that inflation is steadily declining towards 2%.

✔  More time may be needed to resume progress in the country's fight against inflation.

✔ There are risks associated with decisions to start reducing the rate too late.

✔  It is unlikely that the Fed will raise rates at its next meeting.

✔  We focus on the timing of restrictive PrEP in the United States.

✔  We are guided by the goals of price stability and maximum employment.

✔  The US economy is resistant to a flexible approach in the Fed's monetary policy.