Federal Reserve Vice Chair Philip Jefferson said on Tuesday the US central bank's 50 basis points (bps) interest-rate cut in September was aimed at keeping the labor market strong even as inflation continues to ease, per Reuters.
Fed eral Reserve Vice Chair Philip Jefferson said on Tuesday the US central bank's 50 basis points interest-rate cut in September was aimed at keeping the labor market strong even as inflation continues to ease, per Reuters. Key quotes The FOMC has gained greater confidence that inflation is moving sustainably toward our 2% goal.” To maintain the strength of the labor market, my FOMC colleagues and I recalibrated our policy stance last month.
When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates to encourage borrowing, which weighs on the Greenback. How often does the Fed hold monetary policy meetings? The Federal Reserve holds eight policy meetings a year, where the Federal Open Market Committee assesses economic conditions and makes monetary policy decisions.
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