Federal Reserve Chairman: The US economy is very strong, but ...

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Federal Reserve Chairman: The US economy is very strong, but ...

2022-06-23 18:08:32 14 ℃

Reference News Network reported on June 23. According to the Singapore's "United Zaobao" website quoted Bloomberg report, the Fed Chairman Powell said on the 22nd that the Fed will continue to raise interest rates to curb inflation, but decision makers must maintain flexibility when various impact clamping.

According to reports, Powell said at the hearing of the Senate Banking Committee that day: "We expect to continue to raise interest rates will be appropriate ... In the past year, inflation is obviously exceeded by expectations, and we will maintain this momentum. Therefore, we need to follow the economy according to the economy.Data and changing prospects, flexible response. "

It is reported that although Powell has previously stated that the Fed may decide to raise interest rates by 75 or 50 basis points at the end of July, but he did not mention the future interest rate hike at the hearing on the 22nd.

Powell emphasized: "The US economy is very strong and can deal with the impact of the tightening of monetary policy."