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        Federal Reserve Board member Powell said the US rate hike in November


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US Federal Reserve Board (Fed / FED) director Powell said Tuesday that the reasons for the US rate hike since early November has been "significantly" enhanced, when Trump has not been elected president of the United States.

Powell expressed optimism about the outlook for the US economy, saying that while the Federal Reserve's current policy of patient patience is wise, but too slow inflation in the run-up may lead to inflation too fast.

"The data shows that the economy is growing healthily, nonfarm payrolls are steadily increasing and inflation is gradually returning to 2%," Powell said in the Economic Club of Indiana. This is his first public comment after the election.

"In my view, since our meeting earlier this month, the reasons for raising interest rates significantly strengthened," he refers to the November 1-2 meeting, while maintaining interest rates unchanged at 0.25-0.5%.

Investors and analysts believe the Fed is likely to raise interest rates by mid-December at 90% and will raise interest rates at least twice again next year, depending on what Trump and the Republican-controlled Congress have said.

Analysts also warned that Trump's commitment to renegotiate or suspend the global trade deal would offset any economic gain.

Powell's position is neutral and one of the five most influential members of the Fed. He said the expansion of public infrastructure spending or help to improve the productivity of the private sector; private sector productivity is low and unexplained, hinder economic growth.


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