The US Federal Reserve Chairman said that their central bank is getting close to the confidence it needs to start lowering interest rates. That is good news. He said that they are waiting for more certainty that inflation is moving sustainably at 2%, which is the comfort zone of the Fed. His remarks bolster the idea that a cut could be likely in the coming few months. Even though the US job growth rate accelerated in February, a rise in the unemployment rate and moderation in wage gains stalled an anticipated interest rate cut in June from the Fed. This time, hopefully, things could be different. Much of the world’s confidence crisis is going unfixed, and a booming US economy may help.




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