No to firmer interest rates: the American Central Bank chief markets breathe a sigh of relief

The us Central Bank chief Jerome Powell, has indicated flexibility in interest rate policy, and thus on financial markets muted ahead of a streamline course. The Central Bank has not set monetary policy on a path that said, the U.S. Supreme guardian of the currency on Friday in Atlanta, and added: “We will be patient and see how the economy develops.”

The Central Bank is always prepared to their monetary policy stance if necessary, are also “significantly”. The American industry had recently lost considerable momentum, and thus investors, to the start of the year stoked Worries about the economy. Powell stressed that the economic data suggested, nevertheless, that the economy will go with momentum in the new year.

in the face of massive criticism from President Donald Trump on the interest rate the Fed’s Powell also clarified that the Central Bank meet for their decisions, regardless of the policy. If he would be asked by the President to resign, he would not obey, – said Powell. He got no Meeting with Trump on his Agenda and no direct communication keep line to the White house.

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in the light of the boom in the United States, the monetary authorities increased the policy rate much to the chagrin of the high growth rates of fixed President last December on the margin of 2.25 percent to 2.5 percent. It was the fourth increase in the year 2018. In addition, she had provided for 2019 with two further increases in prospect. Many traders, however, that the Central Bank 2019 leaves no tightening more to follow, in order not to endanger the recovery.

The American stock markets reacted with rising prices on the signals Powell, to rush with interest rate hikes, nothing.