US Federal Reserve Governor Jerome Powell said interest rates are still below the neutral range. His most prominent comments were as follow:
- There is no specific policy path
- The impact of high interest rates is uncertain, it may take a year or more to see it
- Raising interest rates gradually reflects the balance of risks, both fast and slow.
- Interest rates remain low by historical standards
- I expect the economy to grow at a strong pace.
- Low employment and inflation near under target.
- We monitor the economic data closely.
- I am concerned about borrowing from companies which can lead to deflation.
- There is no risk to financial markets.
- There is uncertainty about access to the maximum recruitment.
- Monetary policy is not an ideal tool to address financial imbalances
