Fed: There are no signs of lower inflation in America, and we do not know if the country will go into recession or not

US Federal Reserve Chairman Jerome Powell said he still sees no signs of lower inflation in the United States of America.

The head of the Federal Reserve, which acts as the central bank, said he did not know whether the country would enter recession or not.

Powell made the comments Wednesday during a press conference following a meeting of the Federal Open Market Committee.

The US official added: “I think no one knows if there will be a recession or not. And if that happens, how severe will this recession be? Our task is to restore price stability so that we have a stable labor market. which in time will benefit everyone.” And that’s what we’re going to do.”

The head of the Financial Inspectorate also stressed that he does not yet see signs of a decrease in inflation in the United States. And he added: “There are no signs of a decrease in inflation.”

And Powell said: “Looking at the table containing the figures for the last 12 months, we are in the same place as a year ago,” referring to the increase in prices.

It is worth noting that on Wednesday, following the results of a two-day November meeting, the Federal Reserve raised its base interest rate by 75 basis points to 3.75-4 percent for the fourth time in a row.

In the same context, commenting on the decision during a press conference, White House press secretary Karen Jean-Pierre indicated that the Fed’s measures helped bring down inflation.

Source: TASS