The US Federal Reserve remains determined to restore inflation and price stability, along with optimal exploitation of the labor market.
Inflation has clearly decreased without harming the labor market.
Price stability is very important to the US Federal Reserve.
The American economy recorded remarkable growth last year.
High interest greatly harmed business investments.
The US economy is adding many jobs, and unemployment is stabilizing at historic lows.
Real wages have risen dramatically, and demand for labor remains higher than supply.
Long-term inflation expectations remain stable and well-established.
The current monetary policy is tight and interest rates have been raised to 5.50% levels to curb high inflation.
The current high rates have peaked, and it is appropriate to start lowering rates later in the year.
With the 2% inflation target not guaranteed to be met, it would be appropriate to move cautiously with regard to rate cuts.
