Federal Reserve policy statement: Economic outlook remains uncertain, closely monitoring risks of dual objectives

Odaily Planet Daily News: The Federal Reserve's policy statement shows that economic activity continues to expand steadily. Since the beginning of this year, the overall labor market situation has eased, with the unemployment rate rising but still at a low level. Inflation is gradually approaching the committee's 2% target, but still slightly above the target level. The committee's goal is to achieve maximum employment and a long-term inflation rate of 2%. The committee judges that the risks of achieving employment and inflation targets are roughly balanced. The economic outlook remains uncertain, and the committee is closely monitoring the risks of dual objectives. To support its objectives, the committee has decided to lower the target range for the federal funds rate by 25 basis points to 4.5% to 4.75%. When considering further adjustments to the target range of the federal funds rate, the committee will carefully evaluate new data, changes in the economic outlook, and the balance of risks. The Commission will also continue to reduce the size of its holdings of treasury bond, institutional debt and institutional mortgage-backed securities. The committee is firmly committed to supporting the goal of maximizing employment and restoring inflation to 2%. (Golden Ten)