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Powells and what challenges ahead can experience the annual registration to update the economy, interest rates.
Federal Reserve Chair Jerome powder Inflation and labor market information for the signs needed to regulate the Central Bank’s monetary policy is the economy that the economy is “solid.”
“Despite uncertainty, the economy is in solid. The unemployment rate is low and the labor market is at maximum employment or maximum employment.
“Inflation has landed in a very large thing, but 2% works at a high level of our target. We approach both sides of both sides of our mandate,” he said. Federal reserve Double mandate for fixed prices for a long time, as well as maximum employment.
The Fed has led to reducing interest rates due to uncertainty through the trade policy Donald Trump The United States has applied tariffs to trade partners. Tariffs are often taxes in imports that are often paid by the importers that are often or all of these additional costs to consumers.
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Fed President Jerome Powell said that the economy is in a solid form despite high levels of uncertainty. (Getty Images / Getty Image by Olivier Destiyery / AFP)
“The effects of tariffs are between other things, the last level, the expectations of this level and therefore it has reached a peak in April, and thus rejected it since.
“Nevertheless, this year is highly likely to increase tariffs and weighs in economic activity,” he said. “Inflation effects can be short-term – can reflect a disposable shift at the price level. This is also possible Inflation effects instead can be more insistent. “
“Responses to the surveys of consumers, enterprises and professional forecasts, the respondents point to tariffs such as driving. Most long-term expectations remain in our 2% inflation goal,” he said.
The Fed governor is sorted by Powell, the signal ratio reduction can begin next month
Powell asked the tariffs about when inflation could show herself to the inflation, and he hears the inventory in spite of the success of many things that are often sold while talking to retailers.
“Tariff expect to show inflation, but I want to be honest, we do not know how much it will take to consumers, and we can not be lower. This can be higher.
The Fed’s three percent decreased, last year – in September, including the 50-century point, in November and December, a 25-century point of intersection, a deputy, the situation could now cause the conditions and could cause the proportion to cut.
“The unemployment rate was almost a full point of interest – I was very clear about it, when we were very clear about it, there was no experience in the modern time,” said Powell.
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He noted that the federal funds were 5.3% of “very restrictive levels” and was the last of the large central banks, so it was intended to support the September-cut labor market.
Powell also noted that the last fall has fallen, inflation continues to fall, which will increase inflation in the coming months.
“If you only watched the basic information and say that you would continue to cut. Of course, we are just ignoring it … Let’s just say, wait and see more.”
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