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"The interest rate is a bit neutral," said Fed Chairman Jerome Powell at the New York Economic Club. below"
"The effect of gradual rate hikes is not clear, it may take a year or more to see them talk," he said.
He and the Federal Open Market Committee (FOMC), the US economy, said the financial weaknesses are at a moderate level, pointing out that continued growth was growing strongly.
In declaring that the US economy is very pleased with the price, Powell said that some corporate debt had reached a high level of risk, but that financial systems and markets were stronger than in the pre-crisis period. of 2008.
"Our monetary policy decisions will always be designed to keep the economy on track and maintain it because of the changing outlook for monetary, employment and financial policy." inflation, "said Jerome Powell.
"Tightening interest rates remain below historic standards and slightly below expected levels for the economy," he said. found in the evaluation.
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