(ANSA) - ROME, AUGUST 27 - "It is appropriate to start the process of reducing asset purchases this year". Fed chairman Jerome Powell said this to Jackson Holea, adding that however "it is not a direct signal of a near increase in interest rates". Speaking of the pandemic, Powell noted that "it remains a threat to growth and Delta creates short-term risks."
The president of the Federal Reserve explained that the American economy has made "clear progress" but "weaknesses" in the labor market remain: in this context, an inopportune and untimely move in monetary policy could slow down economic activity. "Powell then reiterated how the price jump is temporary and that theinflation will return to the 2% target.
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