In line with market expectations, the Fed kept the policy rate constant in the range of 0-0.25 percent.
It was stated that interest rate hikes will begin soon.
It was announced that the asset purchase operation would be completed at the beginning of March.
After the announcement of the decision, the upward movement in US indices accelerated.
While emphasizing that risks continue due to new virus variants, the economy and employment were strong, and employment gains were solid.
Powell stated that the Omicron variant did not have as severe effects as the previous variants.
Powell said ”If progress is made in this way, the economic effects of the epidemic will also decrease. This will result in faster growth.”