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This year, the Fed will adapt to the situation

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This year, the Fed will adapt to the situation
January 11
09:00 2019

Fed Chairman Jerome Powell and his deputy Richard Clarida, said that the agency would carefully and gradually raise the interest rates in 2019. “The States economy is now stable. The slowing down of the global growth is the biggest problem”, -they explained their decision.
When deciding on the rates, the Central Bank will build on the situation not only in the national, but also in all significant world markets. At the moment, the inflation forecast makes it possible not to hurry with the decision to increase the value of money.

Mr. Clarida noted that in the event of signs of the economic downturn, the Fed would act proactively in order to extinguish possible stagnation at its root.

At the moment, China, where the economy is growing down, attracts a lot of attention. Mr. Powell believes that the increase in tariffs has not had a serious impact on the country.

“Now we do not have a clear rate course. We will act according to the situation and will try to avoid weakening until the moment it occurs,”- the Fed head stressed.

The Central Bank has not provided the information on the portfolio of government bonds and other assets. In 2014, the portfolio growth stopped, and its volume remained unchanged until the end of the year before last. Now the Fed has about 4 trillion US dollars.

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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