Reported 6 months ago
Federal Reserve officials are leaning towards maintaining higher interest rates for a longer period as revealed in the recent Fed minutes. The minutes showed a willingness among officials to tighten policy further if needed, with discussions about keeping rates steady if inflation does not reach the 2% target or easing policy if labor market conditions deteriorate unexpectedly. Despite uncertainties about the degree of policy restrictiveness, Fed Chair Jerome Powell reiterated the need for patience in letting the current restrictive policy address inflation. The latest inflation data showed a slight cooling, prompting discussions among officials about the neutral rate and potential future rate adjustments.
Source: YAHOO