Today, the FOMC decided to leave our policy interest rate unchanged and to continue to reduce our securities holdings. The economic outlook is uncertain, however, and we remain highly attentive to inflation risks. We’ll need to see more good data to bolster our confidence that inflation is moving sustainably toward 2 percent. We know that reducing policy restraint too soon or too much could result in a reversal of the progress that we’ve seen on inflation. At the same time, reducing policy restraint too late or too little could unduly weaken economic activity and employment.

Source: New York Times June 12, 2024 20:27 UTC