Chairman of the Fed Jerome Powell holds a press conference after the decision of interest rates – live

The chairman of Jerome Powell holds a live press conference after the left interest rates are fed, unchanged as expected.

Here is the most important thing that Powell said at the press conference:

• The economy remains generally strong, with the states of the labor market remaining robust, if they are cool.
• Inflation remains high.
• GDP is expected to exceed 2% in 2024. years.
• The hardware investment seems to have slowed down.
• Inflation is closer to targeting, but still a little elevated.
• The labor market is not a source of inflationary pressure.
• The unemployment rate remains small at 4.1%.
• We don’t need to rush to adjust the policy rate.
• Inflation long-term expectations appear robust.
• We cannot comment on Trump statements.
• Current policy is a significant loser than when we first started reducing interest rates.
• Before reducing interest rates, there must be significant progress in inflation or weaknesses in the labor market.

The statement that the Federal Board for the Open Market (FOMC) did not include in its January statement could be a larger signal for the market than what the Board is involved in its statement.

The latest statement reads: “Inflation remains moderately elevated.” The December version of this sentence was longer and read “,” inflation has made progress towards 2 percent to the board, but it remains moderately elevated. “

This change can be one of the reasons why Fed paused after cutting interest rates three times in a row.

Although Trump has no authority over what political Fed should be persecuted, he and Powell were in the chance of politics from the first term of president in Washington. Trump just said last week that he would “require the current reduction in interest rates.”

* This is not an investment advice.