In an interview with Fox Business, New York Federal Reserve President John Williams noted that recent inflation data have been encouraging and added that he expects inflation to continue to come down, per Reuters.
Fed officials in no rush to cut rates, looking for further progress in inflation. Key takeaways Rate cut path depends on data. The US economy is doing well, it'sin better balance. Fed decisions will depend on the economy. Things are moving in the right direction for monetary policy. Expecting interest rates to come down gradually as inflation eases. Politics will not influence Fed rate decisions. We have a very strong economy and incomes are growing.
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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