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Investing.com – Fed Chairman Jerome says he is not confident whether the Fed has done what is necessary to reduce inflation.
Most important details:
A future reduction may require a tightening of monetary policy and not just an improvement in supply chains. He said that he is not confident that inflation will reach 2%. “We are attentive to the risks stemming from strong growth and its ability to influence a decline in inflation, which may require the use of monetary policy tools to respond to this,” the President said. The Fed will not hesitate to take appropriate decisions. Happy with the decline in inflation, but there is still a long way to go. It is still strong, but moving towards balance. We expect moderate GDP growth in the coming quarters. Inflation has deceived us more than once.
The FOMC is committed to achieving a monetary policy stance that is sufficiently restrictive to reduce inflation to 2 percent over time; “We are not confident that we have achieved such a goal yet,” he said in his prepared speech.
Powell’s speech was interrupted after climate change protesters entered and he left the podium
Markets are moving
It rose by 0.27% to record 105.697, while it recorded 0.33% at the level of $1,964 per ounce in futures transactions, while spot transactions recorded $1,959 per ounce at the level of 0.46%.
Today it is declining by more than 200 points, with a decrease of 0.59%.
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2023-11-09 19:03:00
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