Federal Reserve Adjusts Policy Framework to Respond to Post-Pandemic Changes

According to PANews, Federal Reserve Chairman Powell stated that the Fed is adjusting its policy framework to address changes in inflation and interest rate prospects following the pandemic in 2020. Since 2020, the economic environment has undergone significant changes.

The Federal Reserve adopted the current framework five years ago and began the evaluation this year. The assessment is unlikely to affect the current method of setting interest rates, with results expected to be completed and announced by August or September.