Powell: no signs support US rate hike soon

US Federal Reserve member Jerome Powell indicated Tuesday morning that the bank is committed to reaching its inflation target of 2%. His most prominent statements were as follows:
• There are no signs to support the Bank's decision to raise interest rates in the near term.
Low labor market participation and average high wages must be taken into account.
• The Bank believes that the inflation target of 2% is appropriate to support the sustainability of economic growth.
• It is necessary to use all available tools to ensure that there is no downward shift in inflation expectations.
• A similar goal means that policymakers will be satisfied with inflation, which is slightly above or below 2%.
• The current monetary policy is more appropriate to the situation and supports high inflation at 2%.
• The Bank will take appropriate measures in the event of a re-evaluation of the economic outlook.
• Policymakers rely on the positive outlook of the US economy for strong household spending
• Weak foreign growth hurts exports and increases the risk of wider vulnerability