Federal Reserve chairman Jerome Powell has signaled that the central bank would maintain its easy monetary policy even if faced with a short-term rise in inflation. So reports Yahoo! Finance.
“If we do see what we believe is likely a transitory increase in inflation, where longer term inflation expectations are broadly stable at levels consistent with our framework and goals, I expect that we will be patient,” Powell said at an event on March 4.
Powell maintained that the Fed will hold rates close to zero until the U.S. economy reaches “maximum employment.”
Read the full article from Yahoo! Finance.
Source: themortgageleader.com