The president of the US Federal Bank (FED) Jerome Powell He again stressed that the central bank focuses on preventing potential rising prices due to duties from causing a more persistent increase in inflation.
“Our obligation is to maintain the long -term expectations for inflation well established and to ensure that a lump sum increase in prices will not become a constant inflation problem,” said Jerome Powell today Wednesday (16.4.2025) in the text.
Powell said that policy makers would balance their double responsibilities for promoting maximum employment and fixed prices, “keeping in mind that, without prices stability, we cannot achieve long periods of strong conditions in the labor market”.
These observations reinforce a message that Powell has repeatedly emphasized, including more recently on April 4, that Fed officials are in no hurry to change the central bank’s report rate.
As they seek more confidence in how President Donald Trump’s economic policies, in particular, will affect the US economy, Powell and other Fed policymakers have expressed their support for maintaining interest rates at a steady level. “At the moment, we are in a good position to expect more clarity before considering any adjustments to our policy stance,” Powell said.