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Federal Reserve (Fed) Chairman Jerome Powell yesterday showed a confident view of the US economy, while stressing the propriety of pursuing the "escalating" rate of rising interest rates. interest. [19659002"Lameilleurefaçondecontinuerestlahaussegraduelledestauxd'interest"adéclaréMPowelllorsd'unecomparutiondevantleComitébancaireduSénatpourcommenterlapolitiquemonétaireBienquelégèrementternilecommentaireenajoutantun"pourl'instant"àlatendanceactuelleàlahausseduprixdel'silver
Up & # 39; now in 2018, the Fed raised the rate & # 39; interest two time, to leave them in the range between 1.75% and 2%, and the agency has advanced that she could achieve two more before the end of the year.
The president of the central bank pointed out that "the data that arrives show that, moreover Thanks to the strong labor market, the US economy has grown solidly until now this year. "
The world's largest economy recorded an annual growth rate of 2% in the first quarter of the year, and analysts should be able to double that rate in the second.
Therefore, Powell pointed out that the key is to find the right balance in the rate of rise in the price of money. "19659002" On the one hand, too slow interest can lead to higher inflation. On the other hand, if we do it too quickly, the economy could weaken and inflation remain steadily below our target, "he told legislators. [19659002] Unemployment in the United States is 4%, at levels not seen in 18 years, and the Consumer Price Index (CPI) has exceeded the annual target of two percent in recent months , after years below.
The Fed has a Dual Mandate to Promote the Full
The next Central Bank Monetary Policy Meeting will be held on July 31 and August 1.
is more cautious in trying to avoid questions about the possible negative effects of monetary policy, the aggressive program of trade protectionism promoted by US President Donald Trump, given the retaliation announced by trading partners such as that the European Union or China at l & # 3
On the consequences of the current escalation of trade tensions, Mr. Powell noted that they were "hard to predict".
"In general, countries that have remained open to trade have grown faster and with higher incomes, while those who have gone in a more protectionist direction have performed worse," he said. at the request of legislators.
This week the International Monetary Fund (IMF) warned that trade frictions could subtract 0.5% of global growth estimated by 2020 and pointed out that this is the main risk for the company. 39, world economy.
Markets praised comments from half-time central and industrial bank chairman Dow Jones, the Wall Street's leading indicator, rose 0.22 percent
Powell took his functions last February, having been appointed by Trump to replace Janet Yellen, and had been part of the central bank's board of directors since 2012, so who is considered a continuiste in the agency's monetary policy
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Strategy. They added that they would continue their policy of gradually increasing the rate.
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