The expected semiannual audience of the president of the Fed, Jerome Powell, before the US House of Representatives of the US revealed little that it was new. Essentially, he reiterated what we already know: that those responsible for the policy are not under pressure to quickly adjust monetary policy and can, however, wait to see what impact the US commercial policy has Commerzbank currencies, Michael Pfister.
Additional interest rate cuts have been incorporated
“The hearing occurs at a time when those responsible for decision -making seem Similar comments previously, stating that he believed that the federal funds rate was 1.25 –1.5 percentage points above the neutral level.
“Others responsible for decision -making have counterattacked in recent hours. For example, Kansas City Fed president does not seem to be in a hurry to cut interest rates. Like Powell, he would prefer to wait and see the effects of US tariffs. The governor of the Federal Reserve, Michael Barr, also expressed a similar opinion, emphasizing that the real economy is currently in a solid position.”
“Wildlting discussions on an interest rate cut could take place as soon as in July if the next inflation figures do not indicate a greater impact of American tariff year.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
