Economic Buzz: US Fed Minutes Highlight Inflationary Concerns, Members Focus On Reduction In Asset Purchases

Economic Buzz: US Fed Minutes Highlight Inflationary Concerns, Members Focus On Reduction In Asset Purchases

Nov 25, 2021 08:11 IST capital market

The minutes of the Federal Reserves last monetary policy revealed some participants felt the central bank should be prepared to raise interest rates sooner than currently anticipated. Some participants believe the Fed might need to both reduce asset purchases and raise rates if inflation continues to run higher than levels consistent with the central banks objectives. However, some argued that a patient attitude remained appropriate in light of the considerable uncertainty about developments in supply chains, production logistics, and the course of the coronavirus pandemic. The participants noted that the Fed should not hesitate to take appropriate actions to address inflation pressures that posed risks to its longer-run price stability and employment objectives.

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