U.S. Federal Reserve System "If inflation persists, austerity faster than expected"

The Federal Reserve, the U.S. central bank, has hinted that it will soon tighten its currency, including a rate hike and quantitative tightening.

 

According to the minutes of the Federal Open Market Committee's regular meeting in January released by Federal Reserve, most participants said, "If inflation does not fall as expected, it would be appropriate to eliminate policy easing at a faster rate than expected."

 

Federal Reserve is likely to carry out its first rate hike since the COVID-19 incident at the FOMC regular meeting from March 15-16.

In addition, Federal Reserve judged, "Considering that the Fed currently has a high level of assets, it would be appropriate to significantly reduce its balance sheet."