economic growth rates are much lower than desired


US Federal Reserve

On Wednesday, April 7, the minutes of the March 17 FOMC meeting were released.

It follows from the minutes that the economy is showing encouraging performance, although its growth and employment rates remain well below desired levels.

The rise in bond yields in March reflected optimism about the outlook for the economy.

Some Fed members are concerned that soft financial conditions increase risks to financial stability. The inflation risks are broadly balanced.

Leading indication on monetary policy worked well at the March meeting.

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