Fed's Bies: Behind the scenes at the FOMC

In a speech 'Behind the scenes at the FOMC: How the Federal Reserve determines monetary policy' given on 7 February, Susan Schmidt Bies of the Federal Reserve said interest rate policy may need to be more accommodative than expected to ensure the economy continued to grow while the record budget deficit was being cut.

"As we said in our last press release last week, we're committed to a measured pace of continuing to raise interest rates to make sure inflation doesn't get out of control," Fed

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