(Finance) – The members of the directorate of Federal Reserveat the monetary policy meeting on 6 and 7 November, agreed that economic activity “has continued to expand at a solid rate.” The conditions of labor market have generally “attenuated and the unemployment rate has risen again, but remained low.” The officials also agreed that “inflation has made progress towards the 2% target, but that remains somewhat high.”
This is what emerges from the minutes published today by the central bank led by Jerome Powell which underlines that the decision to cut rates by 25 basis points was taken unanimously.
As for the outlook for monetary policy, participants anticipated that “it will probably be appropriate to move gradually towards a more neutral monetary policy, over time, if the data are in line with expectations, with inflation continuing to move in a sustainable towards 2% and the economy remains close to maximum employment.”