English
US Federal President Jerome Powell press conference after the Fed raised interest rates
Key words from Jerome Powell:
Inflation will remain higher than we expect.
The Fed's budget will be reduced at the next meeting.
Wages are rising at the fastest pace in several years.
The supply crisis and supply chains will continue more than expected.
We expect inflation to return to the 2% levels soon.
Inflation will take a long time to return to our initial expectation (2%).
I do not see that there are fears of a recession in the coming time. The economy is strong, as are the securities and labor market. There are no signs of economic recession.
The economy is very strong and that's what we're seeing.
If prior to Russia's invasion of Ukraine, inflation was expected to start declining beginning in the late first quarter of this year, but that has changed.
We expect inflation to remain high throughout this year, but less so than last year.
If it is better and acceptable to adopt a faster rate of monetary tightening, we will.
There is a possibility that we will accelerate the pace of economic tightening during the year, and adopt a faster pace of reduction and adjustment of economic policy.
