The head of the Federal Reserve System, Jerome Powell, stated on Friday that the Central Bank may consider changing its approach to setting key rates in the future. This statement was made during a speech at one of the conferences. Recently, instability has been noticeable in the market, and the Central Bank is monitoring economic indicators in search of the right moment to make a decision.
However, Powell noted that the Federal Reserve is still anticipating a rise in inflation and a balanced growth. He emphasized caution and mentioned that decisions would be based on scientific data and analysis. Along with this, the head of the Central Bank underscored that the bank is prepared to adapt its policy depending on the changing situation. Stability and sustainability are the main priorities of the Federal Reserve System.
