Milan, 30 July (LaPresse) – ‘Despite the high level of uncertainty, the economy is in a solid position. Unemployment remains low and the labour market is at or near full employment. Inflation has remained slightly above our 2% target’ and "GDP figures have come in more or less exactly where we expected. We need to look at the big picture." So said Jerome Powell, chairman of the Fed, at a press conference following the meeting of the FOMC (the Federal Reserve's policy-making body), after the US central bank left interest rates unchanged despite the tariffs.
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