🎤🇺🇸Fed Governor Jerome Powell reveals his statements on the course of monetary policy. Here is the useful summary.
🎤🇺🇸Jerome Powell touched on the following points:
🎤🇺🇸We need to see more progress in the battle to curb inflation.
🎤🇺🇸The US Federal Reserve must be certain before it makes any decision related to reducing interest.
🎤🇺🇸If the labor market weakens unexpectedly; This will prompt us to act.
🎤🇺🇸We are aware of the risks of starting too early or too late “in terms of when to cut rates.”
🎤🇺🇸Inflation in the service sector is often resistant to decline.
🎤🇺🇸Wage increases are moving on a downward path towards more sustainable levels.
🎤🇺🇸Wage increases are still above equilibrium levels.
Inflation may return to the US Federal Reserve's 2% target late next year and perhaps the following year.
🎤🇺🇸When asked about the current political situation and its impact on monetary policy, Jerome Powell declared his strong support for the independence of the US Federal Reserve in the United States.
🎤🇺🇸The American government deficit is very large, and the deficit trend is unsustainable, and sooner or later this situation will force us to address it, and it is best for this to happen as soon as possible.
🎤🇺🇸Most people think we won't return to an era of ultra-low rates but no one really knows.
🎤🇺🇸I would be grateful if the unemployment rate within the United States stabilized at the correct levels.
4% is still too low for the unemployment rate.
🎤🇺🇸Inflation a year from now should be in the middle or below 2%.
