This was stated by several members of the Federal Open Market Committee (FOMCin English) at the last meeting they held in December, as announced by the Fed in the meeting minutes released this Wednesday.
“Several participants stressed that it would be important to communicate clearly that a slowdown in the pace of rate hikes does not indicate a weakening of the Committee’s determination to achieve its objective of price stability or a judgment that inflation was already there.” persistent descendantsays the text.
An “unjustified easing” of financial conditions “due to a public misperception of the Committee’s response role,” it adds, “would complicate the Committee’s efforts to restore price stability.”
On December 14, the Fed announced a rate hike of half a point official interest, the seventh since March, which remains in a fork between the 4.25 and 4.5%the highest level in 15 years, since December 2007. This half-point increase came after 4 consecutive 0.75 seconds.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
