The Fed’s logistical problems will not be resolved in 2022

ofby the end of the year, the logistical problems of the American central bank (Fed) will not be solved, estimated Wednesday the president of the American central bank (Fed), Jerome Powell, who however believes that the situation will improve in the second semester. “I wouldn’t say I expect the supply chain issues to be completely resolved by the end of this year, I don’t expect that,” but “I expect that that progress will be made in the second half of this year,” he told a press conference.

The president of the American central bank (Fed) expects a slowdown in inflation during the year 2022, but he has not ruled out the possibility that it will continue and even accelerate. “There is a risk that high inflation will continue; there is a risk that it will accelerate even more,” Jerome Powell told a press conference. The US central bank (Fed) is ready to raise its key rates at its next meeting, scheduled for mid-March said Wednesday its president Jerome Powell.

“I would say the committee is of the view that the federal funds rate should be increased at the March meeting, assuming the conditions are appropriate to do so,” he said in an unusually specific comment. In its statement following its meeting, the Fed had earlier indicated that it would raise rates “soon”. The US dollar climbed against the euro on Wednesday, after announcements from the US central bank (Fed) signaling an interest rate hike for March and a reduction in its balance sheet to come.

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