The leadership of the Federal Reserve System (Fed) promised to help the national economy due to a soft monetary policy to the victorious, follows from the transcript of the meeting on March 16-17, published on the site of the department. Excerpts from it leads CNBC.
Members of the Fed Committee on Open Markets, who spent at the meeting, noted that the US economy is systematically restored, but the growth rate is still insufficient, so that you can talk about changing monetary policy towards tightening – raising a bet that will affect the cost All borrowing, both government and corporate.
In the speeches of the members of the Committee, in particular, it was said that the achievement of Fed’s goals on the optimal level of employment and inflation would take some time. In this regard, the regulator will continue the quantitative mitigation program (QE) on buying in banks of state and corporate bonds in order to reduce their profitability and infusion in the banking system of additional liquidity.
The current statement of the Fed was not the first to be in a series of similar. Earlier, the regulator has already tried to reassure market participants, including institutional investors who have begun to massively sell their assets and close the position in favor of cash.