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Federal reserve Authorities believe how aggressive among the disputes between the rates between the tariff, reducing interest rates, reducing interest rates and the weakness of fuel and economic power of the labor market.
The minutes showed that politicians have a lot of waiting and vision position in the congregation released on Wednesday in June 17-18. The meeting ended with the federal open market committee members, which was unanimously since a number of 2024% between 4.25% -4.5% of the central bank.
However, the summary showed an increasing division in connection with how politics continued.
“Most participants said it would be expedient to determine the target range for the price of federal funds this year, it would likely be expedient,” he said.
It was the issue of arguing, although the cuts could go.
Opinions from the “Couple” authorities that the next cut will not think that this month could not be decreased this year as soon as possible. The minutes do not mark the names, the Fed governors Michel Bowman and Christopher Waller said they could see what was fed up after inflation after July 29-30.
At the same time, “Several” officials said they thought that the foundations could not be far from the neutral level of the funds in the current night, ie there could be only a few incisions in a few incisions. These officials have shown inflation above 2% target between the “firm” economy.
Some in the Fed are more than a few.
Officials at the meeting have been updated this year to reduce the proportions waiting for three more this year in two years.
Comes with the president of the graduation Donald Trump To put pressure on Fed chairs Jerome powder and to cut relatives aggressively. On social reports and truths, there is a fast-going Lambed Powell, who is able to resign the Trump.
Powell has repeatedly said that when determining monetary policy, it has repeatedly said political pressure. For most of them, it has been connected to a careful approach, which is a strong economy and uncertainty on inflation, and the Fed is in good condition.
Minutes reflect the position that this policy is well placed to meet the changes in the information.
“Although the participants are uncertainty about inflation and economic outlook, the monetary policy remained in order to take a careful approach to the regulation of money.
Authorities also said that when the inflation weakens the worldview, the inflation was more insistent, they encountered difficult trade. ” In this case, in politics, they said that the target of which side is heavier.
Since the meeting, Trump continued talks with the main US trade partners, which routinely changed tariff ground. Trump first announced the tariffs on April 2, and then changed the deadlines for contracts, recently, not to move a number of letters to foreign leaders.
The latest information shows that Trump’s tariffs are at least a large scale.
The consumer price index showed a total of 0.1% in May. If inflation dimensions are still higher than the Fed’s 2% target, the last senses show that the public is less fear than the road.
“Many participants noted that if trade tariffs can be resolved soon, or firms can be more limited to reduce the impact of tariffs, if it can use other directions of an amendment to reduce the effects of tariffs.
At the same time, the interests of work have slowed significantly, although the rate of tender salary growth surprised consistent economists. In June, 147,000, 110,000 ratio, the unemployment rate increased to 4.1%.
Consumer expenses have slowed significantly. In May, individual expenses decreased by 0.1%, while retail decreased by 0.9%.