The head of the US Federal Reserve, in a conversation with pranksters, assessed the sanctions and praised Nabiullina

Jerome Powell

US Federal Reserve Chairman Jerome Powell, in a conversation with Russian pranksters Vovan (Vladimir Kuznetsov) and Lexus (Aleksey Stolyarov), said that RUSSIA managed to avoid the most severe consequences of sanctions. Fragments of the recording of the conversation are published on Rutube.

The pranksters, posing as Ukrainian President Volodymyr Zelensky, asked Powell if Western sanctions were working and how he assessed the policy of the Russian Central Bank.

“Firstly, you are right, it seems that the Russians managed to avoid the most severe consequences of sanctions,” the HEAD of the US Federal Reserve said.

He called the head of the Central Bank of Russia, Elvira Nabiullina, "an extraordinarily capable specialist" who "does his job quite well" and "will do everything so that the Russians avoid sanctions as much as possible." “While we still hope that the sanctions hurt them, not as much as we hoped,” Powell added.

In November 2022, Nabiullina acknowledged that the economic situation in Russia could worsen and it was necessary to be prepared for this. “But even though the situation is deteriorating, we must, we must, as a country, carry out economic restructuring,” she said. At the same time, she said, inflation in Russia is not much different from price increases in comparable economies, although the country has experienced more powerful economic shocks.

In early March, the head of the Central Bank, commenting on the US and EU sanctions against Russian banks, said that these restrictions are no longer perceived as a shock and do not create systemic risks, as banks have had time to better prepare.

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