The US Federal Reserve made a statement on the dollar

The US Federal Reserve (Fed) does not see the need for an urgent adjustment of monetary policy. This opinion was expressed by the Deputy Chairman of the Fed, Philip Jefferson, his statement was published on the official website of the regulator, reports BAKU.WS.

According to Jefferson, the current monetary policy is in an optimal state for managing risks and uncertainty. He noted that significant changes in trade, immigration, fiscal policy, and regulation continue, and it is important to assess their cumulative impact before making further decisions.

The Fed Deputy Chairman also expects a "moderate weakening" of the US labor market in 2025, and also allows for a slowdown in economic activity amid continuing uncertainty.

Recall that in March, the Fed maintained the key rate in the range of 4.25-4.5% per annum. Since September 2024, it has been reduced by 1 percentage point.

The next Federal Reserve meeting is scheduled for May 6-7. Traders do not expect rate changes at this meeting, however, the probability of its reduction in June is estimated at more than 80%.