Almost perfectly in line with what we Discussed Above, Jerome Powell, the Chairman of the Federal Reserve, commented yesterday on the status of the global economy Stating that.
The fact That unemployment is near all-time lows and inflation HAS yet to show up in the market is truly extraordinary. This is also in the face of everything we know about economics.
Chairman Powell's predecessor, Janet Yellen, Was not ashamed to display public bewilderment as to the Lack of inflation, so it's good to see Powell Taking a more authoritative stance.The Dow Jones managed to close at its all-time Highest Level of 26.810 points.
So, the Federal Reserve Seems Likely to continue raising interest rates Their at a moderate pace in order to keep inflation in check, Regardless of the impact That It May be we HAVING other countries.