“He Federal Market Committee Open (F.O.M.Cin English) aims to achieve a monetary policy restrictive enough to reduce inflation to 2% over time, and we are not confident that we have achieved that position,” Powell said at a roundtable on the fiscal policy, organized by the International Monetary Fund (IMF).
So if it is appropriate to tighten the policy even further, he said Powellthe fed will not hesitate to do so. Eleven increases have been implemented so far and rates are between 5.25% and 5.5%, the highest level since 2001.
The fed It will also “maintain that level until the work is completed,” Powell said.
For its part, the price of Brent oil reference for Colombiarose 1.17% to USD80.95, while WTI crude rose 1.12% to USD76.59.
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.
