(Finance) – The minutes of the latest Federal Reserve meeting indicate that the central bank is oriented towards high rates for a longer period than expected.
Inflation is falling more slowly than expected and various members of the Fed are ready to raise interest rates if necessary, given that many are “unsure” about how restrictive monetary policy really is. This is what emerges from the minutes of the bank led by Jerome Powell.
“The data suggests that the disinflation process will take longer than expected,” the minutes read.
The Federal Reserve, as widely expected, left US interest rates unchanged at the beginning of the month, in response to inflation that is still too high and growth that remains robust. At the end of the two days, the FOMC decided to maintain the Fed Funds target range between 5.25% and 5.50%.