The Federal Reserve Chairman Jerome Powell, the central bank of the United States, said in a speech on the 17th that the current US economy is solid and will continue to raise interest rates significantly without hesitation to curb inflation, accelerating monetary tightening. I emphasized the attitude of going.
At a meeting earlier this month, the Fed decided to embark on a 0.5% sharp rate hike and squeeze financial assets to curb record inflation, but the Fed's rapid monetary tightening doesn't overwhelm the economy. The vigilance is increasing.
Fed Chair Jerome Powell said in a speech on the 17th, "The strength of the US economy is great. It continues to show its true power," in light of the fact that retail sales announced on the same day increased for the fourth consecutive month. We can respond to the policy changes we are making, "he said, and worked to dispel the growing sense of caution in the market.
He then said, "We will go to the point where we can say that the inflation rate is declining. We will not hesitate until that point." I emphasized the attitude of letting them go.
Chair Powell has already indicated his intention to continue to raise rates significantly by 0.5% at the June and July meetings next month.