Mandate is on jobs and prices
The post Mandate is on jobs and prices appeared on BitcoinEthereumNews.com.
Federal Reserve Bank of Chicago President Austan Goolsbee said late Thursday that he does not understand arguments that the US central bank should cut rates to make government debt cheaper, the mandate is on jobs and prices. Key quotes Before April 2 Liberation Day tariffs the hard data on the economy was looking solid.Since then there has been potential disruption, ambiguity, that the Fed needs to resolve.Says does not understand arguments the Fed should cut rates to make government debt cheaper, mandate is on jobs and prices.The Fed building is not a luxury building.The buildings need to be renovated and done so with a high level of security.Not a lot of indication that tariffs have yet pushed up inflation.Businesses in the Midwest are still uncertain about what is to come. Market reaction At the time of press, the US Dollar Index (DXY) was up 0.06% on the day at 97.65. Fed FAQs Monetary policy in the US is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability and foster full employment. Its primary tool to achieve these goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, it raises interest rates, increasing borrowing costs throughout the economy. This results in a stronger US Dollar (USD) as it makes the US a more attractive place for international investors to park their money. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates to encourage borrowing, which weighs on the Greenback. The Federal Reserve (Fed) holds eight policy meetings a year, where the Federal Open Market Committee (FOMC) assesses economic conditions and makes monetary policy decisions. The FOMC is attended by twelve Fed officials – the seven members…
Filed under: News - @ July 11, 2025 5:29 am