Jerome Powell (chapter #ФРС ):

✍️ 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 still exceeds supply.

✍️ There is no greater confidence in the trajectory of lower inflation in the United States.

✍️ We do not believe that it is appropriate to reduce rates until there is evidence that inflation is confidently decreasing to 2%.

✍️ It may take more time to resume progress in the fight against inflation in the country.

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

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

✍️ We are focused 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 the flexible approach in the Fed's monetary policy.