"Unusual", the Federal Reserve has shot

On June 15, local time, the Federal Reserve Commission announced that it had raised interest rates between 1.5%and 1.75%. To curb inflation again. This is the largest interest rate hike since the Federal Reserve since 1994.

Fed Chairman Powell held a press conference to make a speech on the Fed's latest interest rate hike decision. Powell said that the latest 75 basis interest rate hike decisions are "unusual", but in order to restore inflation to normal, it is expected that the next time will still raise interest rates by 50 to 75 basis points.

Powell said that the Federal Reserve has "absolute determination" to suppress expectations of inflation. Most indicators still show that Americans expect inflation to return to normal in the next few years, but there are also some signs of pressure.

When it comes to whether the Federal Reserve has the ability to raise interest rates when the U.S. economy is not in a decline, Powell said that this is currently the Fed's goal, but the factors that cannot be controllable Having the US economy.

In March of this year, the Federal Reserve raised the federal fund interest rate target range from a close level of 25 basis points, opening a tightening cycle to curb inflation. In early May, the Fed announced another 50 basis points.

Source: CCTV News Customer

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