The US Federal Reserve has revised its forecasts for GDP and inflation for 2021. Expectations for the first indicator increased from 6.5% to 7%, and for the second indicator from 2.4% to 3.45%. For the first time Jerome Powell said that high inflation can be a sustainable process and the Fed is ready to change its monetary policy at any moment, but now this is not necessary.

Earlier, the heads of the Federal Reserve were often criticized for his superficial attitude to inflation, and apparently, he decided to correct this oversight. Powell said at a press conference that Fed officials are expecting a stronger employment report during the summer, after which they will discuss the possibility of scaling down stimulus measures. In the meantime, the regulator will continue to print money and buy assets from the market, which will further increase the surplus of dollar liquidity in the financial system.

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