Following the decision of the Federal Open Market Committee (FOMC) to keep the policy rate unchanged within the target range of 0-0.25%, Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, presents his comments on the policy perspective.
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“The vast majority of the Committee does not show a rate increase during this forecast period.”
“For the most part, it does not show a rate increase during this period.”
“We expect that we will start to make faster progress on labor markets and inflation as the year progresses.”
“We will have something to announce about the leverage ratio in the next few days.”
“We are looking for a series of indicators on the labor market.”
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