US Federal Reserve Chairman Jerome Powell announced he will continue to run a policy of raising interest rates after criticizing US President Donald Trump. Ya Interest rates are still low according to historical standards, said Mr. Powell at a conference in New York, where he stressed that gradual price increases are uncertain and it may take a year or more to see them.
"COUNTRY ECONOMY TO BE GROWING"
"I and the Federal Open Market Committee (FOMC) predict that the country's economy is consistently growing," Powell said. Financial weaknesses are moderate. Financial stability is now more necessary for monetary policy. Very quickly go risky "in the assessment.
"As always, our decision on monetary policy will be designed to maintain the economy in a way, Pow Powell concluded.
Federal Reserve Bank has raised interest rates three times this year. After Pauel's statement, interest rates are expected again in December.
After Fed Fed Powell's speech, the Dow Jones index rose by almost 500 points. In the middle of the day, the markets immediately responded to Powell's message, saying there would be a slight increase in interest rates. (IHA)