🔥 Urgent: The Chairman of the U.S. Federal Reserve makes important statements before Congress.
🔥 Jerome Powell, the Chairman of the U.S. Federal Reserve, confirmed that the U.S. economy is not currently facing a recession, while also indicating that the central bank is prepared to lower interest rates if indicators supporting this direction emerge in the coming period.
🔥 In his testimony before the U.S. Congress now, today Tuesday, Powell said: "The United States is not in a state of economic recession," adding that economic data does not reflect a sharp slowdown or contraction in overall activity, but he noted that the bank is closely monitoring developments.
🔥 Possibility of lowering interest rates in the event of slowing inflation or a decline in the labor market
🔥 The Federal Reserve Chairman explained that there are chances that the inflation rate will come in below expectations in the coming months, and if this does indeed happen, "it would be appropriate then to start lowering interest rates early."
🔥 He added: "Likewise, if we see a clear decline in the labor market, that would also be a motivation to lower interest rates sooner."