Federal Reserve Bank of Minneapolis President Neel Kashkari said the US economy has remained remarkably strong as the Fed progressed in beating back inflation, but the US central bank was still “not all the way home,” per Bloomberg.
Fed eral Reserve Bank of Minneapolis President Neel Kashkarisaid the US economy has remained remarkably strong as the Fed progressed in beating back inflation, but the US central bank was still “not all the way home,” per Bloomberg. Key quotes The economy has remained remarkably strong, not all the way home on inflation. The Fed wants to have confidence inflation will go all the way back to 2%; need to see more evidence before deciding on another cut.
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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