❗️ ACCOMPANYING LETTER #FED
▫️Economic activity continues to grow at a steady pace.
▫️The unemployment rate has stabilized at a low level in recent months, and labor market conditions remain stable.
▫️Inflation remains somewhat elevated.
▫️The risks to the Fed's dual mandate are balanced (inflation/labor market).
▫️Economic prospects are uncertain.
▫️The Fed will continue to reduce its balance sheet at the current pace (#QT) – $25 billion per month.
▫️The Fed is prepared to adjust monetary policy if required by macro data from the U.S.