Not long ago, Federal Reserve Chairman Jerome Powell warned against an early cut in interest rates, noting that he wants to see more progress in containing inflation before he is fully confident in lowering them.

In a related context, in his latest meetings, the US Federal Reserve kept interest rates unchanged in the range of 4.25% - 4.50%. Powell confirmed that they are not in a hurry to cut interest rates and that they will monitor economic data to assess the appropriate timing for any change in monetary policy.

Zero interest rate is a situation where nominal interest rates are close to zero. Historically, some central banks have resorted to this policy to stimulate economic growth during periods of recession or contraction. However, zero interest rates have mixed effects and may reduce banks' profitability and impact individual savings.

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