The current economy calls for a fixed interest rate policy at the present time

Patrick Harker, President of the Federal Reserve in Philadelphia, said on Monday that the current economy calls for a fixed policy at the present time, according to Reuters.

The most important points

“Monetary policy is now good.”

“Future interest price policy options for the Federal Reserve will be paid by data.”

“The position of the FBI policy should continue to reduce inflation.”

“Inflation has been high and has been fixed in recent months.”

“The inflation is expected to return to a 2 % goal in the next two years.”

“The labor market is largely balanced.”

“The economy is working from a power site.”

“Not sure the impact that new government policies will have on the economy.”