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Federal Reserve Chairman Jerome Powell commented on the interest rate as the best way is to continue to raise interest rates gradually.
million. Powell introduced the country's economy and monetary policy to senators, attending the session of the US Senate Banking Committee
recalling that the country's economy has continued to strengthen since its previous presentation in February, Powell said that
OBJECTIVES OF INFLATION
"Inflation is slightly higher than 2% because of the effects of rising oil prices in function of the end, "said Powell Fed
Affirming that the country's economy continues to grow at a good pace, with increased confidence, consumer spending and investment, as well that the support of the global economy, Mr. Powell said: "For the future, the FOMC where my colleagues and I predict that in the coming years, the appropriate monetary policy will protect the power of the job market and will maintain the inf Around 1965, Powell pointed out that the economy often works better or worse than expected.
Despite the uncertainties, downside risks that could grow the economy at a slower pace than anticipated offset upside risks that could lead to better performance, Powell said. We believe the best way is to continue to gradually increase interest rates. l approx. AA
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