English
The speech of the US Federal Reserve Chairman.. Cutting interest rates is an option available for September
The most important thing that was said in the speech of the US Federal Reserve Chairman
The option of cutting interest rates at the September meeting is available
I need more good data to confirm my decision
The date of the interest rate cut has not yet been decided by the members of the Federal Committee
I can imagine many scenarios, some of which end in 2024 without any interest rate cut, and after that we will make more than one interest rate cut.
If all economic data remains strong and consistent, we will maintain monetary tightening.
The upcoming data will be read and analyzed carefully because it will directly affect our future decisions.
In a normal situation, I know that everyone would expect us to cut interest rates. But our work is not done yet regarding inflation.
As for cutting interest rates at the July meeting. There was a discussion about it, but we concluded that we have not yet reached the point where we can make a decision to cut.
The decline in inflation is expanding and we can see it in several aspects now.
Today's decision to keep interest rates unchanged was approved by 19 members of the Federal Committee.
We are not trying to influence politics and we do not let it affect us, and regarding the indication of the potential US President, Donald Trump, to us. Our job is to make the right decision for the United States and its economy.
We don't know who will win the US election and we haven't made our decisions yet. But we don't design any monetary policy based on who wins the election. We are a political committee and we don't belong to anyone.
A 50 basis point rate cut is not something we have thought about yet.
A hard landing scenario is not in the data by any means, we have a strong labor market and a growing economy and that's what we see.
