federal Reserve (Fed) Chairmanwashoo In the press conference after the meeting, he said that there will be fewer meetings in future.interest rate The number of meetings for decision-making voting increased, and pointed out that since a 1% increase in interest rates in September, there have been signs that financial conditions are tightening.
Washer said the Federal Open Market Committee (FOMC) will still hold eight meetings per year, but by 2027 one of the meetings will be dedicated to discussing the overall monetary policy strategy. There will be no vote on the federal funds rate, and no policy statement is expected. In 2028, this is expected to increase to two strategy meetings, and the remaining six meetings will be used to formulate monetary policy.
Washer said it is “still unclear” what information will be released after these meetings to discuss the overall monetary policy strategy. “There will be more news on this. The decision to adjust the format of the meeting was made recently.” He said Fed officials have “thoroughly discussed” how to arrange these strategy meetings in multiple meetings.
Talking about the financial situation, Washu pointed out that since the interest rate hike in September, in line with the Federal Reserve’s expectations, the financial and credit conditions facing some companies and households have tightened, and market participants have become more cautious in allocating funds.
However, Washer later downplayed the degree of tightening in financial conditions, saying that the overall financial environment could not be described as “tight”, but was conducive to price stability.
