đŁFed President Jerome Powell:
â˘February data is definitely closer to what we expected to see.
â˘We expect to see good data on inflation like last year.
â˘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.
â˘We will not act and make decisions according to political calendars. Trust is important to us.
â˘We say that we expect inflation to rise to 2% on a sometimes bumpy path. The data will tell us what to do.
â˘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.
â˘There is no possibility of a recession at the moment.
â˘The economic situation is strong, which shows us that we have a chance to reduce inflation.