FRB Minutes Announcement Concern about the future and opposition to rate cuts on August 22 at 7:14
The Federal Reserve Board, the US central bank, released the minutes of last month's meeting that decided to cut rates for the first time in about 10 and a half years. Participants expressed concerns about the future of the economy, but some opposition to interest rate cuts, and the FRB will continue to face difficult decisions.
The FRB decided to lower the policy interest rate by 0.25% at the meeting to decide monetary policy at the end of last month and decided to cut the interest rate for the first time in about 10 and a half years.
At the meeting, many of the participants expressed concern about the slowdown in capital investment and price growth due to trade disputes between the United States and China, and it is clear that the interest rate cut was decided to prevent the economy from slowing down.
On the other hand, 2 out of 10 participants voted against rate cuts, and the unemployment rate was the first low level in half a century. The perception that there is.
Many of the participants recognize that this rate cut is a realignment of the previous rate hike policy, and there is a cautious attitude toward additional rate cuts.
However, the FRB has been expected to make further rate cuts in response to the recent unstable financial market, and it seems that it will be forced to make difficult decisions in the future.