🚨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 .