exactly just just What should we expect for policy?
The FOMC conducts policy that is monetary by adjusting the federal funds price, 9 which will be our primary policy price. Discover more information regarding the funds that are federal right right right right here.
Ahead of the outbreak of Covid-19, the economy had been near our double mandate goals. The median FOMC participant anticipated increasing the prospective range further on the next a long period through the 1.5 per cent to 1.75 % target range prevailing in those days toward the median estimate of the long-run amount of 2.5 per cent. (more…)