US Federal Reserve (Fed) Chairman Jerome Powell made statements after the June interest rate decision.
Jerome Powell made assessments on the decision after the Fed kept rates unchanged at 5.25 basis points. He said they are committed to the Fed’s 2 percent inflation target.
Fed Chairman Jerome Powell Evaluates June Rate Decision
The Fed announced its June 2023 interest rate decision today. The Fed, which has increased the interest rate to 5.25 basis points in the past months, announced that it kept the interest rates constant in its June decision announced today. President Powell made assessments after the interest rate decision.
In his evaluations on the decision, US Federal Reserve Chairman Jerome Powell said that the Fed’s June 2023 interest rate decision was taken unanimously. In his statements, Powell also stated that the Fed is committed to the 2 percent inflation target and that they will continue to work on this target and continue to use the weapons in their hands.
In his statements, Powell said, “When we look at the point we have come to with tight monetary policies, the fact that the prices, which are among the yields, remained stable, made us decide to keep the interest rates constant.” In addition, he said that the full effects of the tightening in the current environment have not been felt yet. “All policymakers see that further rate hikes this year will be appropriate,” Powell said in a statement. used the phrase.
