This was stated in the minutes of the Federal Reserve’s expert committee meeting that took place over the past 9 and 10 June, and its results were published yesterday, during which it was decided to keep interest rates steady. That is, from zero to 0.25% and the likelihood of maintaining a favorable policy until the American economy returns to normal.
According to the record, a second wave of corona virus outbreaks and another round of strict restrictions on social interactions and commercial operations will begin later this year, which will lead to A decrease in real GDP, a jump in the unemployment rate, and a renewed downward pressure on inflation in the coming year.
The council expressed its commitment to use a full set of tools to support the American economy in this difficult time and thus enhance the maximum number of job-related targets and price stability.
He pointed out that the ongoing public health crisis caused by the pandemic will greatly affect economic activity, employment and inflation in the near term and will pose significant risks to economic prospects in the medium term. < / p>
