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US Federal Reserve Chairman Jerome Powell has announced that he will continue his policy of raising interest rates as a result of criticism from US President Donald Trump. Interest rates are still low by historical standards, said Bir Powell at a conference in New York, where he noted that gradual rate increases are uncertain and may require a year or more to see them.
"THE NATIONAL ECONOMY IN FULL GROWTH"
"The Federal Open Market Committee (FOMC) and I anticipate sustained growth in the country's economy," Powell said. Financial weaknesses are at a moderate level. Financial stability is now more essential for monetary policy. Very quickly, it is risky, "it was found in the evaluation.
"As always, our monetary policy decisions will be designed to keep the economy at bay," concluded Powel.
The US Federal Reserve has raised its interest rates three times this year. After Powell's statement, interest rates are expected to rise again in December.
Following the Fed Chairman's speech, Mr. Powell, the Dow Jones index rose by nearly 500 points. In the middle of the day, the markets reacted immediately to Powell's message, announcing a slight rise in interest rates.
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NEW YORK EXCHANGE RANGE WITH POWDER
The New York Stock Exchange rose sharply in the middle of the week with statements by US Federal Reserve (Fed) Chairman Jerome Powell.
At closing, the Dow Jones index rose 2.5% to 25,366.43 points, the largest daily gain in the last eight months. The S & P 500 index rose 2.30% to 2,743.78 points and the Nasdaq Technology Index gained 2.95% to 7,291.59 points.
Regarding the indexes, Fed Chairman Jerome Powell's current key interest rates were slightly below neutral levels, indicating that the bank could signal a rate hike next year. .
On the other hand, according to data released today in the United States, the country's gross domestic product (GDP) increased by 3.5% in the third quarter.
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