English
The most important points of the press conference of the President of the US Federal Reserve
The US Federal Reserve opens the door to stopping interest rate hikes and confirms that future increases will depend on economic data.
• Powell: The Fed will now assume a "data-driven" approach in determining whether an increase in interest rates is necessary to bring down inflation.
• Conditions in the banking sector have generally improved.
• To take a data-driven approach moving forward.
• Still focusing on the dual mandate.
• We are "strongly committed" to bringing inflation back to 2%.
• It will not achieve a strong and sustainable labor market without price stability.
• Willing to do more if needed.
• See the effects of tightening policies, "especially housing and investment."
• It will take time for the full effects of monetary restraint to materialize.
• The US economy is likely to face headwinds from credit conditions.
• Reducing inflation will require a slowdown in labor market growth
• The Fed will not be able to protect the economy from the crisis of raising the debt ceiling
We will leave our future expectations until the results of the next US Federal Reserve meeting.
• The decision to stop raising interest rates was not taken today, and it may be discussed in June.
• There is still a long way to go to control inflation. Inflation is much higher than the desired target.
• Restricting credit conditions may be considered a tightening of monetary policy.
• We will raise interest rates further, but the extent to which we will reach cannot be determined.
• We will determine the next interest decisions on a meeting-by-meeting basis.
