#PowellRemarks is the time to analyze and react to the recent observations of the President of the Federal Reserve, Jerome Powell. What do you think? 👀👇
🗣️ What Powell said
The U.S. economy remains robust, with stable growth, strong employment, and no signs of recession.
However, inflation is still above the target, especially in the prices of basic services, so it is not yet under control.
Therefore, rates remain high for a longer period, and no short-term cuts are anticipated: first, inflation needs to be clearly close to 2 %.