Fed Chair Janet Yellen has stated that the Federal Reserve will now be shifting its policy approach from a post-crisis one to maintaining the US economy’s current growth gains. The FOMC board will now be aiming to implement significant easings within this year as the US economy comes close to attaining its goal of 2% inflation and full-fledged employment rates. In addition, Fed officials have already scheduled two more interest rate hikes within the year following the most recent rate hike last March.
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