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Fed Vice President Richard Clarida said the Central Bank's approach to gradual rate hikes was appropriate, with US monetary policy approaching the optimal long-term benchmark.
"As the economy evolves to a point consistent with the Fed's dual purpose, the risks have become more symmetrical and the current cycle begins with three," Clarida said at an annual conference organized by the Clearing House and the Bank Policy Institute in New York. In the previous year, this trend was less downward.
"Progressive rate hikes allow the Fed to gather more information on the policy rate and on the evolution of the unemployment rate," he said at a inflation is close to our goal of 2%.
As the slowing global growth outlook faces a slight slowdown in the US real estate market and business investment, Fed officials are trying to understand how next year's data will affect monetary policy. .
Clarida said in a statement that interest rates were updating their forecasts for the "unpredictable" neutral policy rate and stable prices compatible with stable prices, with the arrival of new data, even if the Fed was very close to the rate neutral of December 2015,
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