Jerome Powell, Chairman of the US Federal Reserve (Fed), makes statements after the second day’s meeting.
Stating that he is determined to reduce inflation to 2 percent levels, Powell stated that there is work to be done beforehand. Powell added that this cannot be done without stabilizing prices. Emphasizing in particular the labor market and its resilience, Powell emphasized their sustainability.
Powell: Committed to Lowering Inflation to 2 Percent!
Powell, who was waiting for crypto investors to explain carefully, continued his explanations on the second day of the meeting. Powell emphasized that he was determined to reduce the inflation level to two percent. Touching on inflationary pressures, Powell emphasized that it was higher than expected.
Referring to the March meeting, Powell said, “We have critical data before the meeting, and the interest rate decision will be in line with the incoming data.” made statements. Also speaking about interest rate hikes, Powell stated that no decision has been made on the speed of the moves that will take place.
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