On June 19, Wall Street Journal reporter Nick Timiraos, known as the "Fed's mouthpiece", said that at present, the Fed is not setting interest rates to help manage federal borrowing spending, but to maintain low and stable inflation in a strong labor market. The Fed is holding its ground because it sees the risks no matter what it does. Inflation is close to the Fed's 2% target after four consecutive years of being above target, but it has not yet been fully reached.
Cutting interest rates too early may trigger inflation again, according to The Federal Reserve (FED). Many economists expect tha
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