Powell, the economy is strong, there is no rush to cut rates. According to Powell, however, interest rates are unlikely to return to the low levels they were before the pandemic.
The chances of a recession are not high right now. The central bank's work is not yet finished considering that "our target is 2% inflation". Reproduction of this article may not be appropriate for all readers. To see the rest of the ANSA interview with Jerome Powell, click here: http://www.dailymail.co.uk/news/features/article-361552/Powell-the-economy-is-strong, there-is no rush-to-cut-rates.html.