The Federal Reserve left interest rates unchanged Wednesday, but most Fed policymakers are considering an additional rate hike before yearend. Fed chairman Jerome Powell told reporters that as the interest rate moves to the level appropriate to move inflation down to 2%, the risks become more two-sided.—npr.org
Tag: Monetary policy
China Cuts Banks’ Reserve Ratio to Aid Recovery
China’s central bank said it would cut the reserve requirement for the second time this year to help support economic recovery. The government has also rolled out a series of policy measures in recent months.—cnbc.com