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The chairman of the American Federal Reserve Jerome Powell offered a small change in his recent remarks and reiterated that the economy is in a good place and gives the central bank a room to be patient before weighing monetary policy.
“So far we are ready to wait for you to learn more about the probable course of the economy than we consider any adjustments to our political attitude,” said Powell in prepared notes For his half -year report on the currency policy of Congress.
Today’s testimony is particularly marked this week since Fed Governors Chris Waller and Michelle Bowman. They both said They would be supported Reducing the rate at the next Fed’s next meeting. So far, Powell has not given any hint that he is considering such a step.
A break with Powell – in itself, not necessarily the main news – comes when President Trump continues to clarify his displeasure with the unwillingness of the Fed chairman to alleviate monetary policy.
Reducing rates for July is still relatively slim to only 18.6%, According to CME Fedwatch. Moving by September is the likelihood of one or more cut rates to skip to more than 80%.
There is a meeting and answers with House Committee and this story will be updated about broken messages from this event.
