- The US Federal Reserve is making every effort to achieve the goals of inflation and optimal exploitation of the labor market.
- The American economy is performing well at the present time and domestic demand is strong, but it is gradually slowing down.
Conditions in the labor market have begun to calm down significantly, but they are still strong, as unemployment has risen to the level of 4.1%.
Inflation has slowed significantly over the past months, but it is still above the target set for it, as inflation stabilized near the 2.6% level, and core inflation stabilizes near the same levels.
- If we start facilitating monetary policy early, or delay it, we may harm the economy, and we will not begin facilitating monetary policy except at the appropriate time after monitoring inflation and labor market data.
- If there is a deterioration in the labor market, this may also be a reason to reduce interest rates
