Fed leaves rates unchanged
During Jerome Powell's final meeting with the Fed, the central bank left interest rates unchanged, keeping them between 3.5 % and 3.75 %
Last week, Jerome Powell chaired the Fed’s final meeting, keeping rates between 3.5 % and 3.75 %, before being replaced by Kevin Warsh at the end of the month.
In an official statement, the Federal Reserve indicated that inflation in the United States is high, adding that “developments in the Middle East are contributing to a high level of uncertainty about the economic outlook.”
State-level representatives noted that due to the conflict with Iran, the Fed is currently facing the price of oil above $100 a barrel, as well as increased fuel costs and a rising unemployment rate.
Regarding the transition after Warsh’s confirmation by the Senate, it is hoped that it will bring some calm to the problems facing the US economy.
M.Pino
Source: forbes.com.mx
(Reference image source: Anne Nygård on Unsplash)
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