Federal Reserve leaders have shown no signs of backing down from their policy of tolerating rising inflation to maximize employment as the US economy gets back on its feet.
WASHINGTON: The Federal Reserve finally has what it wants and predicted: signs of a US economic recovery that could undo some of the damage done by the Covid-19 pandemic.
But when the central bank’s policy-setting Federal Open Market Committee (FOMC) opens its two-day meeting on Tuesday, analysts do not expect officials to raise rates or otherwise signal any backing away from the easy money policies rolled out to aid the US bounceback, despite some fears of rising inflation.
“No one is expecting any major policy changes in terms of rates or the Fed’s asset purchases,” Andrew Hunter, senior US economist at Capital Economics, told…
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