United States Federal Reserve Chair Jerome Powell stated on Thursday that there is a high probability of maintaining the current moderate approach to making interest rate decisions in the foreseeable future "assuming that the economy evolves about as expected."
Powell clarified that the Federal Reserve's decision to keep the monetary policy unchanged at its last meeting was motivated by the need to obtain more details about the state of the US economy before considering any potential moves towards tightening.
During his participation at the Bank of Spain's conference on Financial Stability in Madrid, Powell reiterated that the possibility of consecutive interest rate increases is "not off the table," adding that most policymakers expect at least two more hikes this year.
