2024-06-15 08:30:00 ET
Summary
- Inflation has come down, but the Federal Reserve has left interest rates at their high levels. That has led many to wonder, "What are they thinking?"
- The Fed’s policymaking committee members continue to emphasize a few points: their goals, the importance for low and steady inflation, the long time lags in monetary policy, and uncertainty surrounding the economic forecast.
- The Fed’s view of its goals, of how inflation and employment interact, and how monetary policy affects the economy, will lead to continued caution.
Inflation has come down, but the Federal Reserve has left interest rates at their high levels. That has led many to wonder, “What are they thinking?” For people in real estate and others who are highly impacted by interest rates, the question is often punctuated with puzzlement or profanity....
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Interest Rates: What The Fed Is Thinking