Federal Reserve Board Chairman Jerome Powell . File photoWASHINGTON, Sep 21 The head of the US Federal Reserve Jerome Powell admitted that he does not see painless ways to beat inflation in the country. He said this on Wednesday at a briefing for journalists. «I would like to see a painless way for this (reducing inflation). There is none,» he said. a significant impact on lowering inflation,» Powell added. On Wednesday, following the results of the September meeting of the Federal Open Market Committee, the Fed raised the base interest rate by 75 basis points — to the level of 3-3.25% per annum to the maximum values since 2008.
The U.S. Fed raised its base rate again by 75 basis points On Wednesday, the Fed significantly lowered its 2022 GDP growth forecast and raised unemployment expectations and inflation. The forecast for US GDP growth for 2022 has been significantly worsened to 0.2% from 1.7% in June, for inflation — raised to 5.4% from 5.2% in June, for unemployment — to 3.8% from 3. 7%. At the same time, for 2023, the forecast for GDP growth was worsened to 1.2% from 1.7% in June, unemployment was raised to 4.4% from 3.9%, and inflation — to 2.8% from 2 ,6%.
The United States predicted «undermining» in its own «minefield»
