Fed Funds Rate
Monetary policies executed by the Federal Open Market Committee (FOMC) are designed to fulfill our central bank’s dual mandate: full-employment and price stability. What the heck do those terms mean?
Concerns regarding economic improvements are growing within the circle of central bankers in Washington D.C. On Wednesday, the latest minutes from the Federal Reserve were released, and they show some willingness to take on a “wait and see” approach to monetary policy.
America’s central bank increased the overnight interest rate (called the Fed Funds Rate) on Wednesday. This is the Federal Reserve’s sixth hike since they began raising rates in December 2015. At the time, Janet Yellen led the institution; four subsequent increases happened under her watch. On February 5, 2018, Jerome Powell assumed the office, and he now has his f