ALJAZAM Talk To Al Jazeera December 16, 2015
The economy judged that the fund rate market is now appropriate. Recognizing even after this increase Monetary Policy remains accommodative. As i will explain the process of normalizing Interest Rates is likely to proceed gradually. It will depend on how the economy evolves with employment and 2 inflation. It will target the range when it sees further improvement in the labor market and it was reasonbly confident that inflation would move back to its 2 objective over the medium term. In our adjustment these two criteria have now been satisfied. The labor market is clearly shown significant fur...