Time.news – The US economy “is at a turning point” and is heading towards “a period of faster growth” and “falling unemployment”. This was stated by the president of the Federal Reserve, Jerome Powell, speaking at a virtual event of the Washington Economic Club.
Powell then reassured the markets that it is “highly unlikely” that the Federal Reserve will decide to raise interest rates this year. As for state debt, the Fed’s number one warned that in the long haul the path could become unsustainable but said he was convinced that in the short term the government will have no difficulty in honoring its public debt: “This is not the time to prioritize this concern, but it is nevertheless an important concern that we will have to address when the economy is in a strong recovery “,
Finally, a joke on cryptocurrencies, right on the day when Bitcoin broke new records, reaching the price of 65,000 dollars: “We see cryptocurrencies as speculative instruments – Powell cut short – not as a payment instrument”.
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