The director of the Federal Reserve Bank in Atlanta warned of a possible contraction in the economy, however, the chairman of the Fed, Jerome Powell, excluded...
Powell stated that currently economic data indicates that a decline in financial stability and high prices do not pose threats.
"We expect to maintain growth dynamics in the near future," he added.
However, the reserve treasurer in Atlanta, Rafael Bostic, outlined potential risks associated with rising inflation and instability in financial markets.
"We need to be ready for any possible scenarios, including negative ones," Bostic emphasized.
