As it follows from the document, the participants of the meeting noted the growth of risks for the country’s economy. This is due to the fact that economic growth in Europe and China is slowing down faster than expected. In addition, there are signs of worsening conditions in the US financial system.The Federal Reserve is concerned that the situation in other economies and trade conflicts may have a negative impact on U.S. economic growth.On the issue of further increase of the rates among the members
There was no unanimous opinion of the Open Market Committee. Some of them…
they believe that the rate can only be raised if the level of
inflation will exceed the forecast. Other participants in the meeting believe that the issue of
The increase in interest rates can be returned later in the year, provided that the rate of
the country’s GDP growth will be in line with the forecasts.All members of the Committee have stated that it is necessary to announce
the intention to complete the reduction of assets on the balance sheet of the Federal Reserve System. That’s what they think,
will make it possible to introduce certainty into the process of completion of asset balance normalization.
The U.S. Federal Reserve has published a protocol
