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Thursday 1 February 2018

Fed kept the interest rate unchanged

Fully expected, at its last meeting, as head of the Fed, Yellen and the reserve kept interest rates in the US unchanged, paving the way for their further rise by her deputy. Most likely the next interest rate rise will be made by Jerome Powell in March.
The decision did not have a significant impact on the dollar trading levels, which, after its brief rise at the start of the week, again went down against the rest of the major currencies.
Later this week, Janet Yellen's mandate ends. She will be replaced by President Trump's nominee - Jerome Powell. The latter, also supports the policy of the reserve for a smooth increase in interest rates. Federal interest rates have been raised six times since the end of 2015.
In 2014, Janet Yellen became the first woman to become the head of the Fed. According to a number of magazines, she has even become the most influential woman in the world.




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