Federal Reserve's Barkin: If the economy continues to perform well, interest rates are expected to be adjusted gradually

BlockBeats News, August 27th, the Federal Reserve's Powell stated that, given his expectation that economic activity will not change much for the rest of the year, interest rates will undergo a modest adjustment. "I see the economy operating in a moderate manner. If the economy operates moderately, it means that interest rates will also adjust moderately," he said. "I'm not sure if the economy will really develop so moderately. We'll have to wait and see. So, this is my forecast, but forecasts can change." Powell refused to elaborate on what action he would lean towards in September. "I know there are three and a half weeks until the next meeting. On that day, based on all the information, I will make the best judgment I can make." (FXStreet)