The US Federal Reserve System (FRS) is ready to raise interest rates if necessary due to high inflation. This was announced by Jerome Powell, head of the US financial regulator. DEA News.
According to the Fed chairman, inflation in the country has moved away from its peak values, remains at “very high” levels, the fight is not over yet.
“We are prepared to continue raising interest rates,” he said at the economics symposium in Jackson Hole.
Powell also expressed his readiness to maintain a restrictive policy until there is confidence that inflation will fall steadily.
He also stressed that the US significantly tightened its fiscal and pricing policies last year.
Before that, Powell’s aforementionedHe said that the US Federal Reserve certainly does not plan to cut interest rates until the end of 2023.
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