🇺🇸 Jerome Powell (head of #FED ):

✔ There are other factors that could lead us to lower rates - unexpected weakness in the labor market.

✔ We will likely have to balance wage levels to achieve our inflation target.

✔ There is no convincing evidence to INCREASE the rate at subsequent meetings.

✔ I believe in a further decline in inflation this year.

✔ But my confidence in a further reduction in inflation has become lower than it was before.

✔ I don’t know how long it will be before we start reducing the rate.

✔ I don’t understand where the talk about the beginning of stagflation in the country comes from.

✔ I worked during stagflation, now is not that period.

✔ We will reduce the rate when confidence in a further decline in inflation in the United States returns.

✔ We are not satisfied with 3%. Our goal = 2%.

✔ Elections in the USA are not a hindrance. We are confident that we will do what we think is right...when we think it's right.

✔ Restrictive PrEP takes longer to do its job.

✔ Stable inflation + strong labor market = postpone decisions related to rate cuts.

✔ We need MORE TIME, but we will bring inflation to 2%.

✔ We see progress in reducing the salary level, but it is unstable.

✔ Other countries considering rate cuts are not experiencing the same economic growth as the US.

✔ The increase in the unemployment rate must be significant for us before we intervene (cut the rate).

🏁 THE END