The Fed spoke about the intention of the US authorities to support the country's economy

9/6/2019, 5:17:03 PM

The head of the US Federal Reserve System (FRS), Jerome Powell, said that the US authorities intend to take all necessary steps to support the country's economy.

It is reported by AFP.

"The US will" act appropriately "to maintain the economy," the agency writes.

#BREAKING US will 'act as appropriate' to sustain economy: Fed's Powell pic.twitter.com/MTcI72s6Eo

- AFP news agency (@AFP) September 6, 2019

Earlier, US President Donald Trump said that the Fed puts the United States at a disadvantage in comparison with competitors.

In July, for the first time in ten years, the Fed lowered its base rate to 2–2.25% from 2.25–2.5%.