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The economy is expected to be stronger in the second half of next year

Following the decision of Federal Open Market Committee (FOMC) On keeping 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 outlook.

Key statements

“The economy is expected to be stronger in the second half of next year.”

“From a financial stability standpoint, house prices are not a concern.”

“There is more the Fed could do to support the economy if needed.”

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