During the press conference, the Federal Reserve Governor addressed several key points. Firstly, he acknowledged the current strength of the US economy, albeit with persistently high inflation. Emphasizing the commitment to combat inflation, he assured that the target of 2% will be achieved sustainably, albeit gradually. However, concerns linger regarding the timing of interest rate adjustments, with the Fed cautious about acting prematurely or too late, as either scenario could impact inflation dynamics and economic stability. While recent inflation data has been elevated, the Fed refrained from jubilation, recognizing the need for vigilance and data-driven decisions. Moving forward, the Fed will carefully assess incoming economic indicators before making any policy adjustments, aiming for a return to target inflation levels in the upcoming meetings. Finally, it was underscored that each monetary policy decision is made independently at every meeting, reflecting the Fed's adaptability to evolving economic conditions.
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