- It is smart for the Federal Reserve to take its time in making the decision to lower interest rates
The US economy was very strong over the past year.
- Twelve-month core inflation was little changed in March according to estimates.
-If high inflation persists, the Fed can maintain the current interest rate as long as necessary
Powell added in his speech that until now, no progress has been made to reach the inflation target set by the US Federal Reserve to proceed with interest reduction measures, and that the US economy, despite its strength, has not witnessed the return of inflation to the central bank’s target.
