Federal Reserve Bank of Boston President Susan Collins spoke at “Central Banking in the Post-Pandemic Financial System” on Wednesday.
Fed eral Reserve Bank of Boston President Susan Collinsspoke at“Central Banking in the Post-Pandemic Financial System”on Wednesday. Collins said that progress toward interest rate adjustment will take longer. Fed policymakers stick to cautious script after April CPI inflation sparked rate cut hopes Key quotes Elevated uncertainty continues to be a feature of theeconomy,can'toverreact to any datapoint. Progress needed for interest rate adjustment will take longer.
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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