Bank

Jerome Powell

FED Chairman Jerome Powell gives a speech on the US and Canadian economy at the Washington Forum in Washington DC, moderated by Bank of Canada Governor Tiff Macklem.
In a market where US inflation pressures have flared up again and interest rate cuts are rumored to be postponed, the FED President said the following in his statements:
<ul>
 <li>The US's performance was “fairly strong”.</li>
 <li>Latest data show no further progress on inflation this year.</li>
 <li>Twelve-month core inflation was little changed in March compared to forecasts.</li>
 <li>While the Fed took a cautious approach to avoid overreacting to last year's declines, recent data did not inspire further confidence.</li>
 <li>More time is needed for the restrictive policy to work.</li>
 <li>If high inflation continues, the Fed can maintain the current interest rate for as long as necessary.</li>
 <li>It will likely take longer to build confidence about inflation</li>
</ul>
This article will be updated as Jerome Powell's speech continues.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/breaking-fed-chairman-jerome-powell-is-speaking-here-are-all-his-remarks/" rel="noopener noreferrer nofollow">BREAKING: FED Chairman Jerome Powell is Speaking – Here Are All His Remarks</a>

BREAKING: FED Chairman Jerome Powell is Speaking – Here Are All His Remarks

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