Feb 1 (Reuters) – Federal Reserve Chair Jerome Powell pushed again on Wednesday on rising hopes that the U.S. central financial institution might have the option to undue a few of its curiosity rate rises this year.
The present outlook holds for slower development, modest positive aspects in unemployment and a sluggish decline in inflation, Powell stated in his press convention following the Fed’s coverage determination. “If the economy performs broadly consistent with these expectations, it is not going to be acceptable to minimize charges this year.”
Reporting by Michael S. Derby; Editing by Leslie Adler
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