Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted on Tuesday that recent inflation figures have been very positive, and Fed officials hope to see further easing in the future.
Fed eral Reserve Bank of Chicago President Austan Goolsbee noted on Tuesday that recent inflation figures have been very positive, and Fed officials hope to see further easing in the future. Key highlights Inflation number that came out during last week's meeting was excellent. Hopefully we'll see more data like that. We will get to 2% inflation. There is still a little bit of juice left after last year's rapid inflation decline.
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. The FOMC is attended by twelve Fed officials – the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four of the remaining eleven regional Reserve Bank presidents, who serve one-year terms on a rotating basis.
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