🟥🏛 Speech by US Federal Reserve Chairman Jerome Powell 🇺🇸:
• Powell: It is smart for the Federal Reserve to take its time in making the decision to lower interest rates
• Powell: The American economy was very strong over the past year.
• Powell: Twelve-month core inflation was little changed in March according to estimates.
• Powell: If high inflation persists, the Fed can maintain the current interest rate as long as necessary.
