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Direct : Federal Reserve Chairman Jerome Powell said the bank plans to continue raising interest rates four times a year, at least for the time being.
Powell said during his semiannual testimony before the Finance Committee The Congress said Tuesday that "with the strength of the labor market and the arrival of inflation close to the end of the year," he said. target of 2%, the bank expects a gradual rise in rates.
The Federal Reserve raised its rates twice this year between 1.75% and 2%
The Federal Reserve Chairman said that one of the main challenges for the central bank is to maintain the Inflation coming soon From the level of 2%
Powell pointed out that the economy has experienced strong growth, that the unemployment rate has dropped and that the recent acceleration of inflation close to the Fed's goal was "encouraging".
It also indicates that the labor market does not increase inflation.
The monthly jobs report for June shows that the US economy added 213,000 more jobs than expected, but the unemployment rate jumped sharply to 4%.
On other foreigners, Powell acknowledged that trade wars and fiscal policy are areas of uncertainty about the outlook for the US economic situation.
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