Summary
- FOMC members anticipated that the U.S. tariff policy would lead to an increase in inflation.
- Due to the uncertainty of inflation and economic growth, it was suggested that holding the interest rate steady would be appropriate.
- The Fed decided to ease quantitative tightening, but some members questioned the validity of the measure.
According to the minutes of the Federal Open Market Committee (FOMC) March meeting released by the Federal Reserve (Fed) on the 9th (local time), FOMC members anticipated that the U.S. tariff policy this year would lead to an increase in inflation.
The members foresaw that if inflation persists and economic growth and employment outlooks worsen, the Fed's policy decisions could become more challenging.
Additionally, considering the uncertainty of the economic outlook, they suggested that holding the interest rate steady would be appropriate.
Meanwhile, the Fed decided to significantly ease quantitative tightening, but some members questioned the validity of this measure.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
