The dollar played all the loss of the day on Tuesday

Jerome Powell warned that increased inflation justifies the acceleration of bond shopping. The head of the US Federal Reserve, Jerome Powell, told on Tuesday that at the December meeting of the Central Bank will consider the acceleration of the pace of coating of assets against the background of the high rates of inflation and concerns about the overheating of the economy, DJ NewsWires writes.

“The risk of higher inflation has increased. Fed It’s time to stop talking about accelerating inflation as a temporary phenomenon,” Powell noted on hearings in The banking committee of the Senate, where the Minister of Finance Janet Yellen also performed.

If the Fed decides to reduce purchases by $ 30 billion a month, the program will be completed in March, which will provide Central Bank more flexibility in terms of potential increase interest rates in the first half of 2022. “Omikron” scared Fed: American Central Bank will accelerate the tightening policy, Finanz writes.

The appearance of a new strain “Oomikron” creates “Additional uncertainty about inflation” and can “aggravate problems in supply chains “, at the same time reducing the desire of people to work in full-time format and slowing the recovery of the labor market, said Powell.

In connection with this, the Fed in the near, December meeting may consider to move forward the timing from Stimulating measures.

After hipet Comments by Powell, the likelihood of raising a rate on federal funds in July 2022 began to be predicted with 100% probability, although it was still estimated at the level 58%. The probability of the June increase jumped to 80%.