Reported about 12 hours ago
The Federal Reserve has announced a review of its monetary policy framework, coinciding with a conference scheduled for May 15-16. This review aims to refine its long-term strategy and improve policymaking processes, following a similar evaluation in 2019. Fed Chair Jerome Powell emphasized the importance of considering new ideas and lessons from the past five years while noting that the 2% inflation target will not be a primary focus. The review will explore whether traditional policymaking approaches should be reinstated in response to the current economic landscape.
Source: YAHOO