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Federal Reserve Chairman Jerome Powell said he is pleased with the current economic situation in the United States and has shown optimism about the economic future of his country, but has expressed his concern. worry about external factors. Speaking at a conference in Dallas on Wednesday, Powell said all official data and indicators were positive and the overall outlook for the local economy looked very good, with growth expected. faster and faster than before.
On interest rates, Powell highlighted the US Federal Reserve's policy commitment to raise interest rates over time, stressing the need for global markets to raise interest rates at all times starting next year.
He explained that the Federal Reserve would continue to monitor economic and financial conditions to see how much the interest rate could be raised again and determine the pace of its recovery, pointing out that the strategy currently being adopted by the Central bank to achieve this is to track the interaction of global markets, the economy and large companies. With monetary policy.
He pointed out that the current policy of the Central Bank is one of the main reasons that has boosted the health of the US economy, supported growth rates and kept unemployment and inflation low.
Jerome Powell explained that the stock price evolution is just one of many factors taken into account by the Fed during its assessment of the economic situation.
Powell predicted that the US economy will face headwinds next year, but he stressed his confidence in the strength of his economy and his ability to cope with all the challenges and fluctuations.
Powell announced a press conference at the end of each of the Central Bank meetings of the 8 scheduled meetings in 2019, noting that the conference would contribute to the vigilance of the policy and the removal of the markets of the United States. idea that the Fed can only change monetary policy four times a year.
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