Mumbai: The Federal Open Market Committee of the US Federal Reserve has kept the interest rates unchanged at the end of the two -day meeting and has avoided further cuts at the moment, as well as a policy of waiting and looking to see it has adopted that the new US President What policy does Donald Trump adopt. Trump will follow this. Trump has expressed displeasure over the decision not to cut interest rates.
At the end of the two -day meeting, the committee decided to maintain the interest rate between 4.25 percent and 4.50 percent. The statement issued by the committee said that although the unemployment rate has stabilized at low levels, inflation in the US remains slightly high.
Despite Trump’s statement that he would pressurize for immediate deduction in interest rates, Fed has upheld it.
Despite the steps taken to bring inflation to the 2 percent target of the Federal Reserve, the decline has stopped, and the market hoped that the cuts in interest rates would stop due to the arrival of other strong economic data.
In the US, inflation increased to 2.90 percent in December. Fed said that the decision to change the interest rates would be decided only after assessing the upcoming data, emerging landscape and the balance of risks.
The risks of inflation and employment have been balanced.
Meanwhile, US President Donald Trump expressed his displeasure over the decision not to cut interest rates through a post on social media. Powells and committee have failed to deal with the problem of inflation, but they are said to have said in a post that they will solve the problem of inflation not only by increasing energy production, reducing regulations and changing international trade. , Rather it will also help a lot in preventing inflation.
