The FOMC decision is this Wednesday. By approaching the moment at which the interest rate is almost certainly reduced by 25 basis points, Janet Yellen expressed his support for this endeavor. Based on worries about global growth and low inflation, the former Fed Chairman commented: "Under these circumstances, I would also like to cut, I think it is a good measure in this case, but it does not think it is the beginning of a new monetary policy loosening cycle ".
In addition to highlighting low inflation and global concerns, Yellen commented that high interest rates in the United States have hindered growth in the rest of the world. When states tighten politics, this has consequences in many places around the world. It is tightening that weakens the financial markets and the prospects for economic growth around the world.
Yellen made his comments during the Aspen Economic Strategy Group event in Aspen, Colorado.
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