The US Federal Reserve has suspended the reduction of the base interest rate

Jerome Powell, Chairman of the Board of Governors of the US Federal Reserve System, said on January 28 that the regulator had not yet decided to resume a gradual reduction in the base interest rate in March.

"We are not trying to formulate when the next reduction should be carried out or whether it will be at the next meeting," he said at a press conference.

According to him, the council has different opinions on the next steps. Decisions will be made depending on incoming data, Powell noted. Following the results of the January meeting, the Fed kept the base interest rate at 3.5–3.75% per annum.

For a rainy day: why metals synchronously broke all records

Gold, silver and copper have become a protection against shocks

On January 27, US President Donald Trump said he was not concerned about the depreciation of the dollar, which reached a four-year low, and compared the currency's behavior to a yo-yo toy. Among the reasons for the collapse of the currency, the agency highlights the unpredictable policy of the White House.

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