• 26/05/2024 07:28

The Fed gave a forecast for the rate: it will remain high due to inflation

The head of the US Federal Reserve System (FRS) Jay Powell said that the regulator is considering the possibility of maintaining the key rate for a longer time than expected, since inflation in the country remains stable. The Financial Times writes about this.

The Federal Reserve gave a forecast for the rate: it will remain high due to inflation

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According to the head of the Federal Reserve, the economy The US has been performing very well recently, but the first months of 2024 have seen little progress in bringing inflation down to the central bank's 2% target.

Powell said he expects inflation could return to a monthly basis. levels that are more similar to the lower levels we had last year. But he stressed that his confidence in this is not as high as it once was.

He also added that the Fed must be patient and allow restrictive policy to do its job.

Powell reiterated that which does not expect the Fed to further raise interest rates in light of stubborn inflation.

minfin.com.ua

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