UNITED STATES FEDERAL RESERVE MUSALAM: THE LIKELIHOOD THAT INFLATION WILL CONTINUE TO EXCEED THE TARGET INCREASED THE INTEREST RATE AT THE RECENT FOMC MEETING

ON 7 AUGUST, THE FEDERAL RESERVE STATED THAT INFLATION WAS EXPECTED TO REMAIN HIGHER THAN THE TARGET AND THAT INTEREST RATES HAD TENDED TO INCREASE AT THE RECENT FOMC MEETING; THE INCREMENTAL INCREASE WAS LOWER THAN THE COST OF SUDDEN CHANGES。