(Telestock) – On the return of inflation at the target level of the Federal Reserve In the USA, “we’ve made some good progress, we’ve had some good readings. What we have said is that we do not think it is appropriate to ease rates until we have greater confidence that inflation is sustainably moving toward 2%.. And I would say we didn’t gain confidence in the first quarter, but the latest readings have added some confidence.”
The chairman of the Federal Reserve said this, Jerome Powell during an event in Washington, without committing himself on the hypothesis on which the markets are now betting of a rate cut in September. “We will decide from time to time based on the evolution of the data – he reiterated, on the balance of risks”, positive and negative and “only on that”, he specified: without being influenced by the political framework.
On the attack on Donald Trump: “It was a very sad day for our country. One person died at a rally, two others were seriously injured and I am grateful that the injuries were not more serious” than the former US president.
“Political violence has no place in our society and I condemn it in the strongest terms” Powell continued, stressing that “one man died during a political demonstration and two other people were seriously injured”. The Fed chairman reiterated: “It is simply a sad day and I have to say I am grateful that the former president’s injuries were not that serious.”