[ad_1]
With good monetary policy the labor market will remain strong and inflation close to two percent in the next few years, Powell said Tuesday in his six-month semester at the US Senate Banking Committee, according to the speech. Therefore, it is currently the best way to gradually increase key rates to keep pace with the economic recovery. However, measures should not be too high or too fast so that growth is not slowed down.
The Federal Reserve has already raised its key rate twice this year, in light of the rise in inflation and the ongoing economic recovery this year, to reach the current range of 1.75 to 2.0%. He also considered two further steps up for the second half of the year
. Currency experts pay particular attention to price changes in personal consumption expenditure without volatile energy and food costs. Consumption accounts for two-thirds of the US economy. Here, the growth rate last May at 2% has reached exactly the target value of the Fed.
WhatsApp Newsletter
Image Sources: Alex Wong / Getty Images, American Spirit / Shutterstock.com, SAUL LOEB / Contributor / Getty Images, blvdone / Shutterstock.com
