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- FOMC member Jerome Powell: Fed ready to act if the pressure increase
FOMC member Jerome Powell: Fed ready to act if the pressure increase
- UK decision to withdraw from the EU has increased the risks with new challenges for the United States and other countries.
- It is too early to judge the effects of Brexit on the United States.
- Global economic and financial conditions are particularly important for the United States.
- The most important task of the Federal Reserve is to assess the implications for monetary policy, as the United States continues to make progress on employment and inflation targets.
- The Fed is closely watching inflation expectations, it is important that they remain fixed for the Fed to achieve the goal of 2%.
- Alarmingly possible loss of momentum in the labor market.
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