FOMC's statement today is at URL:
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with appropriate policy accommodation, economic growth will proceed at a moderate pace and the unemployment rate will gradually decline toward levels the Committee judges consistent with its dual mandate. The Committee continues to see downside risks to the economic outlook. The Committee also anticipates that inflation over the medium term likely will run at or below its 2 percent objective.
FOMC is expecting a gradual change ... Pretty much what I was expecting !! ... And FOMC is expecting moderate inflation at/below 2%.
- I know there are quite a few who pull their hair out (figurative) about the suspected "triple-digit-inflation" ... No such thing exists at the present time.
- And there are people who are in mourning already (figurative) for the demise of US Dollar. ... Such worry about the demise appers to be premature.
Thanks to FOMC for its continued effort to do what we (the people) require them to do.