Statements from the Chairman of the U.S. Federal Reserve
Federal Reserve Chairman Jerome Powell said that employment and layoffs are low, and a significant increase in layoffs is likely to lead to unemployment quickly.
Powell added during the press conference following the meeting results that sometimes it is appropriate to take a bleak view of temporary inflation, adding: "We expect strong economic data, and we will monitor inflation expectations very closely."
He continued: “If the labor market weakens, we can ease monetary policy if necessary and there is no need to rush.”
The Federal Reserve Chairman clarified that it is too early to say whether it is appropriate to look through the impact of tariffs on inflation, emphasizing: "There is no need to rush."
Retail Sales in the United States
U.S. retail sales rose in February by less than expected, and the previous month's data was revised downward. However, sales for the control group - which is included in the calculations of spending on goods for GDP - rose by 1% last month, reflecting the previous declining trend.
