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"Interest rates remain low by historical standards," said Fed Chairman Jerome Powell at the New York Economic Club.
"The impact of gradual rate hikes is uncertain, it may take a year or more to see them talk," he says. makes the description.
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 saying that the US economy is very pleased with its progress, Powell said that some companies have high levels of debt, but financial systems and markets are stronger than they were during the period. prior to the 2008 crisis.
"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.
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