Powell's remarks on the steadfastness of the economy support Wall Street indicators

US stock indicators have recovered after the president of the Federal Reserve Jerome Powell reassured investors that the economy was still strong, despite the uncertainty as a result of the trade war fought by US President Donald Trump. After briefly from the statements of the Federal Reserve on the growing economic manure, the S&B500 returned. This apostasy received additional support from the increase in the shares of the electronic disc operating companies, after a “Bloomberg” report said that the Trump administration intended to cancel the restrictions imposed on artificial intelligence discs during the era of Joe Biden. Meanwhile, the dollar has risen against most of the major currencies, while Treasury bond yields have fallen. Increasing risks in a statement issued before the press conference on Wednesday emphasized officials of the Federal Reserve that they are seeing the increasing risks of high inflation and high unemployment rates together. As the unemployment rate is still low and demand is stable, policymakers have expressed their satisfaction in keeping interest rates unchanged until further economic trends are clear. “The Federal Reserve is comfortable to stay on its current situation until economic data impose a change in interest rates,” said Greg McBraide of Bank Ride. He added: “With the fact that inflation rates are already high, in the midst of the possibility of more rise, the matter will require evidence of a significant decline in the labor market, before reducing federal interest rates.” The movements of relatively Dooks were relatively low compared to April 16, when the shares and the dollar fell to Powell for the first time, the escalation of the tension between the Federal Reserve Mission indicated: the control of inflation and employment support. His remarks, which have come to the market in the midst of serious disorders, were interpreted as a promise to give precedence to fight inflation, even if at the expense of investors. The S&B 500 index rose 0.4%, and the Nasdaq 100 index added similar rates, while the Dow Jones Industrial Index rose 0.7%. Treasury bond yields dropped by two basis points to 4.28%for ten years. As for the Bloomberg index, it rose 0.5%.