• FOMC member Jerome Powell: Fed ready to act if the pressure increase

Market news

29 June 2016

FOMC member Jerome Powell: Fed ready to act if the pressure increase

- UK decision to withdraw from the EU has increased the risks with new challenges for the United States and other countries.

- It is too early to judge the effects of Brexit on the United States.

- Global economic and financial conditions are particularly important for the United States.

- The most important task of the Federal Reserve is to assess the implications for monetary policy, as the United States continues to make progress on employment and inflation targets.

- The Fed is closely watching inflation expectations, it is important that they remain fixed for the Fed to achieve the goal of 2%.

- Alarmingly possible loss of momentum in the labor market.

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