FOMC says risks have risen on both the employment and inflation sides of its mandate
The US Federal Reserve today (May 7) voted unanimously to hold rates.
In a statement following the decision, the Federal Open Market Committee (FOMC) said inflation and unemployment risks had risen since its previous meeting in March.
Federal Reserve chair Jerome Powell said in a press conference that the FOMC could not say how the economic situation would develop or which side of its dual mandate might need to be protected through monetary policy. He added that the US economy appeared to be
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
Most read articles loading…
Back to Top
#Fed #holds #rates #experts #sound #alarm #stagflation