🚨FED COVER LETTER SUMMARY

Main Points:🚨

▫️Economic activity continues to grow at a strong pace.

▫️Employment growth remains strong and unemployment remains low.

▫️Inflation fell last year but remains high.

▫️There has been no progress towards achieving the 2% inflation target in recent months which is very important .

▫️Economic prospects are uncertain.

▫️Fed is ready to adjust monetary policy according to incoming macro data .

#fomc.