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What is 2022.06.15 Fed PR about?

The Federal Reserve has raised the target range for the federal funds rate to 1-1/2 to 1-3/4 percent to combat elevated inflation driven by supply and demand imbalances, including impacts from the Ukraine invasion and COVID-related disruptions. The Committee is committed to achieving maximum employment and a long-term inflation rate of 2 percent, while closely monitoring economic indicators. Additionally, the Board of Governors approved a 3/4 percentage point increase in the primary credit rate to 1.75 perc

Author

pradhan_abhishek

Language

EN