US hints at September interest rate cut

The United States central bank is moving closer to cutting lending rates for the first time in more than four years amid concerns about rising inflation and a recovering labor market.  Chairman of the  Federal Reserve  Jerome Powell said that reducing the capital of the banks "could be on the table" at the meeting of policy makers in September if the economy stays on its current path .
Although leaders are debating such a move at their meeting this week, he said, they decided to remain silent because they want evidence that price increases are stable.
The decision keeps the Fed's interest rate target where it has been since last July, between 5.25-5.5%.
By maintaining high lending rates, the Fed hopes to calm the economy and reduce upward pressure on prices.
But the bank faces increasing pressure to cut interest rates, which are at a 23-year high, amid concerns that the cut could turn into a  painful recession if it waits. for a long time.
His work is being scrutinized around the world, with many central banks  facing similar decisions.
Some banks, including the Bank of Canada and the European Central Bank, have  announced interest rate cuts. Investors are divided on what the Bank of England will do at  this week's meeting.
in the US, Mr Powell said that inflation "hasn't worked", but banks can fight back.
"We have to weigh the risks of going late and going  late,"  Powell said at a news conference after the Fed's announcement. "That's a strong sentence."
US economic growth  has slowed since last year and the unemployment rate has increased, although it remains at a historic low of 4.1%. The price at , which measures the speed of the price, also falls on the 2% target, as the same measure, it stood at  2.5% last month. In its
th official statement, the Fed said that job growth was "temporary" and unemployment had risen, noting that the fight to stabilize prices had made "some" further progress.
analysts said the announcement showed more concern about the labor market than at the last meeting in June, a sign that austerity is imminent.
But Matthew Morgan, head of fixed income at Jupiter Asset Management, said the decision to stop low mortgage rates "could be wrong".
"If the Fed waits until it becomes clear about unemployment and inflation to cut interest rates, it will be too late," he said. "Today's risk assessment suggests it is time to move forward."
Fed behavior complicated by  upcoming US presidential election.
analysts say that austerity ahead of the November election could benefit Democrats, as families and businesses could get relief in the form of lower interest rates on homes, cars, credit cards and mortgages. again.
Republican candidate Donald Trump has said that such a move would be a political game and undermine the bank's claim to political independence.
Mr Powell said the bank  focused on economic data and did not factor politics into its rate cut decision.