°
Newark

The head fed did not rule out that the bottom of the crisis passed

The head of the fed Jerome Powell at a press conference following the meeting of the governing Council of the regulator has not ruled out that the bottom of the economic crisis passed.

"Is it possible that we have passed the bottom? Possible. Is it possible that we started from the bottom on unemployment? If you look at the indicators may possibly. But to say for sure, we need more numbers," said Powell.

However, he did not exclude that the authorities will continue to provide business incentives to exit the crisis. "It is possible that we and Congress will have to do more," said Powell.

Fed meeting June 9-10 expected kept its benchmark interest rate at 0-0,25% per annum. The regulator expects to maintain rates at this level in the years 2020-2022. In this case, the regulator has significantly worsened the Outlook for GDP, unemployment and inflation in the United States in 2020.