Federal Reserve Bank of Kansas City Jeffrey Schmid said on Thursday that lowering monetary policy would be 'appropriate' should inflation continue to come in low.
Fed eral Reserve Bank of Kansas City Jeffrey Schmid said on Thursday that lowering monetary policy would be appropriate should inflation continue to come in low. Key quotes If inflation continues to come in low, it will be appropriate to adjust policy. Current stance of Fed policy is 'not that restrictive.' Financial conditions can impact real economy, but Fed must remain focused on dual mandate. Fed is close but 'still not quite there' on reaching 2% inflation goal.
This results in a stronger US Dollar as it makes the US a more attractive place for international investors to park their money. 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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