The Fed wants to get out of crisis mode soon.
(Photo: Bloomberg)
new York The US Federal Reserve (Fed) is sticking to its very loose monetary policy despite high inflation. The key interest rate remains in the low range of 0.0 to 0.25 percent, as the central bank announced on Wednesday. However, the monetary authorities indicated in their outlook on average that there could be an increase as early as next year. So far, they had only targeted a turnaround in interest rates a year later.
The Fed continues to buy $ 120 billion in securities per month. The program aims to improve the liquidity of the financial markets and facilitate the provision of credit for households and companies. At the same time, however, the central bank signaled that securities purchases could soon be scaled back. The maneuver is known in financial jargon as “tapering”.
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