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last minute “data-mce-href =” https://www.ntv.com.tr/son-dakika “> Latest news! The Federal Reserve (Fed) did not change the policy rate in line with expectations and was in the range of 0-0.25 percent, left fixed.
In the statement made by the Fed, it was indicated that the decision to keep the interest rate constant was taken unanimously.
In the statement, it was stated that the Fed is determined to use all its tools to support the US economy in this difficult period, thereby supporting maximum employment and price stability.
In the statement, which noted that the Kovid-19 outbreak caused enormous economic difficulties in the United States and the world, it was noted that economic activity and employment continued to recover, but remained well below the levels of beginning of the year.
“THE FINANCIAL CONDITIONS CONTINUED TO SUPPORT”
In the statement, it was stated that weak demand and previous falls in oil prices kept inflation low and, in general, financial conditions continued to be favorable.
Emphasizing that the course of the economy will depend significantly on the course of the epidemic, the statement said: “The current public health crisis will continue to put pressure on economic activity, employment and inflation in the short term and pose significant risks to the economic outlook in the medium term “. It was evaluated.
In the statement, it was noted that the goal is to ensure maximum employment and 2 percent inflation in the long term, and that inflation will aim to be slightly above 2 percent for a time, so that the Inflation will average 2 percent over time and long-term inflation expectations will remain at 2 percent.
“IF RISKS ARISE, THE COMMITTEE IS READY TO ADJUST.”
It was noted that the Federal Open Market Committee (FOMC) is expected to maintain the harmonious stance of monetary policy until these results are obtained, and it was decided to keep the target range for the federal funds rate in the range of 0-0 ,25 percent.
In the statement, it was reported that the Fed will continue its purchases of treasury bonds and mortgage-backed securities at the current rate in the coming months to keep the market running smoothly and help develop harmonious financial conditions, thus supporting the flow of loans. to homes and businesses.
Expressing that the results of the information received in terms of economic prospects will continue to be monitored, the statement “The Committee will be ready to adjust the monetary policy stance appropriately in the face of risks that may hinder the achievement of its goals.
The statement indicated that the committee’s evaluations will take into account a wide range of information, including developments related to public health, labor market conditions, inflationary pressures and inflation expectations, and financial and international developments.
