The US Federal Reserve said that they can not control the prices of oil and products

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The head of the US Federal Reserve System (FRS), Jerome Powell , said that oil prices and most products are beyond the control of the Fed. He announced this at a congressional hearing, RIA Novosti reports .

“Some (kinds of goods. – ed.) are out of our control, for example, oil prices and most food prices,” said the head of the system.

At the same time, he stressed that the issue of prices for energy resources and products in Europe is much stronger than in the United States.

The Fed is an independent federal agency created to act as the central bank and exercise centralized control over the US commercial banking system.

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Earlier, Jerome Powell said that an excessive increase in the base interest rate could lead the United States into a recession. Last week, the Fed raised the base interest rate by 0.75 percentage points at once, to 1.5-1.75%. This is the most aggressive increase since 1994.

The head of the US Federal Reserve System (FRS), Jerome Powell , said that oil prices and most products are beyond the control of the Fed. He announced this at a congressional hearing, RIA Novosti reports .

“Some (kinds of goods. – ed.) are out of our control, for example, oil prices and most food prices,” said the head of the system.

At the same time, he stressed that the issue of prices for energy resources and products in Europe is much stronger than in the United States.

The Fed is an independent federal agency created to act as the central bank and exercise centralized control over the US commercial banking system.

The head of the US Federal Reserve System (FRS), Jerome Powell , said that oil prices and most products are beyond the control of the Fed. He announced this at a congressional hearing, RIA Novosti reports .

“Some (kinds of goods. – ed.) are out of our control, for example, oil prices and most food prices,” said the head of the system.

At the same time, he stressed that the issue of prices for energy resources and products in Europe is much stronger than in the United States.

The Fed is an independent federal agency created to act as the central bank and exercise centralized control over the US commercial banking system.

The head of the US Federal Reserve System (FRS), Jerome Powell , said that oil prices and most products are beyond the control of the Fed. He announced this at a congressional hearing, RIA Novosti reports .

“Some (kinds of goods. – ed.) are out of our control, for example, oil prices and most food prices,” said the head of the system.

At the same time, he stressed that the issue of prices for energy resources and products in Europe is much stronger than in the United States.

The Fed is an independent federal agency created to act as the central bank and exercise centralized control over the US commercial banking system.