The Fed sees a better job market, but has added new qualifications: Labor market conditions improved, with the unemployment rate declining further. The Fed "judges that the likelihood of inflation running persistently below 2 percent has diminished somewhat." The Fed "recognizes that inflation persistently below its 2 percent objective could pose risks to economic performance, and it is monitoring inflation developments carefully for evidence that inflation will move back toward its objective over the medium term."

Topics:  fed   the fed   inflation   job market   percent   objective   persistently   
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