Jerome Powell, chairman of the Federal Reserve, has decided to reduce interest rates in the United States of America. This reflects that the U.S. economy is stable, with a decrease in inflation and strong economic growth at a rate of 2.3% of GDP in the fourth quarter of last year.
On the other hand, Powell stated that the labor market is strong and declared that the unemployment rate fell to 4.1% in February.
Furthermore, the official affirmed that the Federal Reserve will conduct an annual review of monetary policy in order to assess economic performance and achieve the established objectives.