Fed Chair declines to disclose rate plans
Federal Reserve Chairman Jerome Powell refused to disclose the date of the next interest rate hike, despite ongoing inflation pressures and the failure to reach the 2% target. He clarified that the U.S. economy remains strong and benefits from supportive factors, and it may recover from the current crisis in a more sustainable way. Nonetheless, inflation continues to be a global concern, posing challenges for central banks. The market expects that the wait could extend until December before a new decision on raising rates is made, although recent data indicates that inflationary pressures are persisting.
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