Fedhead Jerome powell, inflation Fedyour expectations onand inflation 2 percentHe stated that they aim to reduce it to .
The US inflation and interest rate process, which is also closely related to the crypto money market, has been showing developments recently. Banking problems, in particular, led to rumors that the tightening in the markets would end.
Fedhead Jerome powellIn a speech he gave today, he said that inflation is still Fed He said it exceeded his expectations. Powell, the Fed 2 percentHe said he remained true to his goal.
Fed’s Powell: Inflation Still High
US inflation announced on May 10, on an annual basis 4.9 percent had reached the level. Annual percentage from the first month of the year according to 6.4The recent inflation, which has fallen considerably, has allowed the markets to focus on the next process.
Although US inflation continues its downward trend, Fedhead Jerome Powell According to , this is not enough. made statements today powell, thinks that inflation is still at higher levels.
Moreover powellHe also spoke about the situation of US banks, which is constantly on the agenda. powellstated that the banking system in the country has a structure that will overcome the difficulties.
Stating that they are aware of the effects of inflation, powell He said that high inflation creates difficulties. In addition, Powell, in his studies to reduce inflation, It may not increase as much as you think.underlined.
