US Fed Governor: We need to see strong inflation growth before raising rates

31 Oct 2019 09:52 AM

The US Federal Reserve Governor noted that the risks to economic outlook are becoming more positive. More of his statements came as follows:

  • Trade uncertainty has declined.
  • Consumer confidence rose well.
  • The US economy is resilient.
  • Business investments have been in a state of weakness.
  • We will eventually raise interest.
  • We do not see high inflation now.
  • Inflation expectations approached the desired levels.
  • Continued decline in trade tensions will bode well.
  • Do not expect immediate effects from the decline of those tensions, of course this will take time.
  • Need to see a strong rise in inflation before taking any action.
  • The current monetary policy is adapted to the situation.
  • We do not see any asset bubbles, we will watch this closely.
  • The financial system is very liquid, but we still want this to continue strongly.
  • The Bank still expects the economy to grow at a moderate pace.
  • There has been no strong pressure on inflation lately.
  • We will intervene if situations require it.

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